Members of the Maryland Association of Certified Public...

Tax questions

March 05, 1998

Members of the Maryland Association of Certified Public Accountants are answering readers' tax questions through April 15.

Q: I'm 59 and retired. Last year, I happened to be the executor of an estate where the commissions amounted to about $7,000. Are those commissions to be reported as taxable income?

A: Yes, income earned as the executor or administrator of an estate is subject to federal and state income tax. Provided you are not in the trade or business of administering an estate, as you indicated in your question, the $7,000 of income is not subject to self-employment tax and would be reported on line 21 of Form 1040.

Keith Huebel, Levin, Zwagil & Block, P.A. The above advice is for general purposes only and is not intended as legal, accounting or tax advice. Specific situations may vary.

To ask a tax question, call Sundial, The Sun's telephone information service, at (410) 783-1800. Call 268-7736 in Anne Arundel County, 836-5028 in Harford County, 848-0338 in Carroll County. Using a Touch-Tone phone, punch in the four-digit code 6225 after the greeting. You can also submit questions by e-mail through The Sun's Web site:

Selected questions will be answered in the Business section. No questions will be answered personally.

Pub Date: 3/05/98

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