Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Re: Preferred funeral trust income and fiduciary fees
Preferred funeral trust income and fiduciary fees
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
mcd1231
Level 4
04-11-2021
10:04 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My client received a document from a funeral home where her final expenses have been prepaid. They sent a preferred funeral trust document to her with her name as the name of the trust and the trust has an EIN. She received $232 in interest and the trust paid $112 in fiduciary fees. Do I enter the interest on form 8960? What about the fiduciary fees?
Thank you
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
sjrcpa
Level 15
04-11-2021
10:38 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You have interest income for Sch B and 8960 and nondeductible misc expense for the fiduciary fee.
The more I know, the more I don't know.
