Is an executor's fee taxable income?

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Question:

Do I have to report the fee I got for being the executor of my mother’s estate as income on my tax return?

Answer:

Yes—the fee is taxable income. Most people report it on line 21 of the personal tax return, IRS Form 1040. (Professionals, in the business of being an executor, report it as self-employment income.) For more information about executors and taxes, see IRS Publication 559, Survivors, Executors, and Administrators.

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