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Investors & landlords
All rental and royalty income is reported on SCH E as a part of your personal tax return.
If the income is reported in box 1 of the 1099-MISC then you have rental income.
If the income is reported in box 2, you have royalty income.
This MATTERS for correct reporting.
If the income is reported in box 1 of the 1099-MISC then you have rental income.
If the income is reported in box 2, you have royalty income.
This MATTERS for correct reporting.
‎June 4, 2019
6:07 PM