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Get your taxes done using TurboTax
No, you do not owe the sellers a 1099-MISC for the sale of mineral rights. The sellers will report the sale on Form 4797 and Schedule D.
https://www.irs.gov/uac/about-form-1099misc
https://www.irs.gov/pub/irs-pdf/i4797.pdf
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‎June 5, 2019
11:15 PM