Personal services income schedule

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This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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There are special rules for the income tax treatment of certain personal services income (PSI) earned by contractors and consultants.

If the trust received an individual's PSI, complete item 30, Personal services income on the trust tax return. Complete a Personal services income schedule 2012 (PSI schedule) and attach it to the tax return. For more information on the PSI rules, see the instructions that accompany the PSI schedule.