Parent passes away,son is tasked to close up the estate. Son received $10k for his efforts. Since this is family, would son need to claim this as income?
Father passes away and oldest son is tasked will closing accounts, selling house, etc. Trust is to pay him $10k so he writes himself a check. Since this involves a transaction with in the family does my tax client need to claim this as income on his return? If so, assume line 21 on Schedule 1 would be the place to do it or is there a better methods?
