dnelson23
New Member

Should oil & gas mineral royalties be filed under 1099s or mineral royalties? you prompts are confusing me.

 
PatriciaV
Expert Alumni

Investors & landlords

You may enter Form 1099-MISC for royalties under the 1099 section or under Rental & Royalty Properties (Schedule E).

However, we recommend that you enter all the income and expenses for your royalty property in the Schedule E section. This avoids possible duplication or mis-reporting of income.

See this post for instructions:

https://ttlc.intuit.com/replies/5167204

Click "this question" to see screenshots.

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