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I received a 1099 misc for a signing bonus for a mineral lease. how is it reported
I leased mineral rights and received a 'bonus' payment when signing the lease. I also received royalties on the production. I received 2 1099 misc, one for the bonus, with the bonus amount shown in block 1 Rents.. For the royalties, the 1099 has the royalty amount properly in block 2. I am having a difficult time figuring out how to enter the 'rents' 1099 into TurboTax.
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‎June 6, 2019
9:09 AM