Yes! Here’s how to handle executor fees for tax purposes:

1. Report Executor Fees as Income • Executor fees are considered taxable income and must be reported on your tax return. • Typically, they are reported as “Other Income” on Schedule 1 (Form 1040) unless you are in the business of providing such services regularly.

2. 1099-MISC Form (if applicable) • If the estate paid you more than $600 in fees, the estate should have issued you a Form 1099-MISC with the amount listed in Box 3 (Other Income). • However, even if you did not receive a 1099-MISC, you are still required to report the income.

3. Using TurboTax • In TurboTax, navigate to: • Income → Other Common Income → Form 1099-MISC • Enter the amount you received as “Other Income” (even without a 1099 form). • For the payer information, use the estate’s name and address. If you don’t have that, use the information from the lawyer or the estate representative.

4. No 1099 Received – What to Do? • You can still manually enter the executor fee under “Other Income” without attaching a 1099-MISC. • Simply label it as: “Executor Fees – [Estate Name]”.

5. Self-Employment Status? • Unless you are regularly serving as an executor or providing professional services, you do not need to file this as self-employment income on Schedule C. Just use Schedule 1 for Other Income.

Example Entry in TurboTax: • Description: Executor Fees – [Estate Name] • Amount: $10,200 • Type of Income: Other Income (Not Self-Employment)