RS 01802.034 Apportionment of Fiduciary's Fee Attributable to Operation of Estate - Owned Trade or Business
A. OPERATING POLICY
Where a fiduciary is engaged in a trade or business, as in RS 01802.033B., only his fees which are attributable to his operation of the estate-owned trade or business are includable in NESE.
B. RELATED POLICY
If the fiduciary is also a beneficiary of the estate, he may also receive a distribution of estate funds, or an allowance for support. These amounts are not includable in NESE.
C. OPERATING PROCEDURE
If development is required to determine apportionment of fees, amounts should be shown in:
If a flat fee is shown, refer to State Law for amounts allowed fiduciaries. Consult the ARC, Programs for information regarding State Law.