In 2004 I was the Executor of my Father's estate. Nothing big and all the tax returns were simple. My step-mother received all estate proceeds. However, I am now preparing my own 2004 tax return and I must claim the fiduciary fees I received from the estate as income. The money I received was comprised of basically 3 pieces:
1) Actual reimbursement for hotels and paperwork, 2) mileage at the .365 rate (my father lived out of state) and 3) my fee. (so many hours at x$ per hour). All was approved by the attorney and the courts. Publication 525 seems to indicate I need to claim as income the entire 3 portions but it does not give me any place to deduct the actual expenses. Common sense tells me I only have to claim the fee portion.Any advice?
Thanks