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Level 1
December 7, 2019
Solved

Can fees received by a trustee of a trust be eligible for the 20% business income deduction?

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sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

Is the trustee a professional trustee? That is, is this a trade or business for the trustee?

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

2 replies

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

Is the trustee a professional trustee? That is, is this a trade or business for the trustee?

The more I know the more I don’t know.
Level 7
December 7, 2019
If this is not a professional, the net C income is exempt from SE tax.
If it is a pro, I have not dissected the specified services list to see if that applies