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

    wes-taxman
    Level 1
    ‎12-06-2019 07:58 PM
     
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    sjrcpa
    Level 15
    ‎12-06-2019 07:58 PM

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


    Ex-AllStar

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    2 Comments 2
    sjrcpa
    Level 15
    ‎12-06-2019 07:58 PM

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


    Ex-AllStar
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    Marc-TaxMan
    Level 8
    ‎12-06-2019 07:58 PM
    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
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