I have gas royalties and I recieve 1099 - Misc forms reflecting the royalties. Do I complete the Business Income and Expenses section and/or the Rental Properties and Royalties section?

jonashleynewman · ‎June 5, 2019

MichaelL1 · ‎June 5, 2019

These go in the Rental/Royalty income section and not on the Business Schedule.

Income on the business schedule is subject to self-employment tax.

Investors & landlords