Page 186 - Other Income for Individuals

Other Income

Nonemployee Compensation Personal Representative
 If you aren’t an employee  All personal representatives must
and the fees for your include in their gross income fees
services from a single payer paid to them from an estate.
in the course of the payer's  If you aren’t in the trade or
trade or business total $600 business of being an executor (for
or more for the year, the instance, you’re the executor of a
payer should send you a friend's or relative's estate), report
Form 1099-MISC. these fees on Schedule 1 (Form
 You may need to report your 1040), line 8.
fees as self-employment  If you’re in the trade or business
income. of being an executor, report these
 See Self-Employed Persons fees as self-employment income
in chapter 1 for a discussion on Schedule C (Form 1040).
of when you’re considered  The fee isn’t includible in income
self-employed. if it’s waived. 184