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1099-NEC for mineral lease bonus payment
I have received a 1099-NEC for a oil and gas mineral lease bonus payment. In the past they were always reported on a 1099-MISC and claimed as rents on a Shcedule E. How do I claim the 1099-NEC? Am I stuck having to claim it as just other income and not being able to deduct my legal fees and other deductions?
Thanks
‎April 12, 2022
1:55 PM