We received a 1099 for mineral rights and it is reported in box 1 as rent. At the review page, , I got this error, Income from rental real estate and royalties must be reported as separate properties. I idon't thave different properties. We received a 1099 misc but it was for an oil rights on a property. The company marked it in the rent box instead of royalties. Can I not deduct it as royalties? Do I just need to say rent and take the tax hit?
