I received a 1099-MISC for executing a mineral rights lease agreement (oil & gas). Should I report this as a "rent from a rental property" or as a "royalty" payment?

rseiber1 · ‎June 6, 2019

The 1099-Misc classifies the income as "rents", but when I enter this into TurboTax, it seems to assume that I am a landlord with tenants, expenses, etc.

I received a 1099-MISC for executing a mineral rights lease agreement (oil &amp; gas). Should I report this as a "rent from a rental property" or as a "royalty" payment?

I received a 1099-MISC for executing a mineral rights lease agreement (oil & gas). Should I report this as a "rent from a rental property" or as a "royalty" payment?