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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
 
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sjrcpa
Level 15

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

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
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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