michele
Level 7

This is the first I have seen an estate issued a 1099 nec for a sizeable amount. Yes there is a 1099 nec on the personal return.  Then this portion to the estate. I have not had this before am I right that the estate is not accessed self employment tax. I am reporting it on a schedule  C on the  1041

 

thx

Michele

0 Cheers
BobKamman
Level 15

Sounds like income in respect of decedent.  Earned before death, but paid after, right?  And I wouldn't show it on Schedule C.  That implies that the business is being continued by the executor.

sjrcpa
Level 15

"That implies that the business is being continued by the executor."

@BobKamman This is possible.


The more I know the more I don’t know.