PatriciaV
Expert Alumni

Investors & landlords

Most mineral leases of this type are one-time income. Delete the entry you have made and start over.

 

When you enter this Form 1099-MISC, check that this income was NOT related to a main job. Likewise, check that you received it only this year. Check that it didn't involve an intent to earn money.

 

This entry will result in your description and the amount in Box 1 appearing on Form 1040 Line 8 "Other Income." No Schedule E will be created.

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