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Get your taxes done using TurboTax
Lease bonus payments are considered rental income. See IRS Tips on Reporting Natural Resource Income .
- Enter your 1099-MISC for rents in the 1099-MISC section as it appears.
- Check that it is for Rental income from the rental of real estate (Schedule E)
- Add Lease Bonus on the screen to select the rental or royalty that generated this income, and check that.
- Continue through the rest of the section.
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‎April 11, 2023
3:31 PM