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Investors & landlords
Yes, you would report lease payments and lease bonus payments as rent. See the IRS Tips on Reporting Natural Resource Income.
- Enter your 1099-MISC for rents in the 1099-MISC section as it appears.
- Check that it is for Rental income from the rental of real estate (Schedule E)
- Add Lease Bonus on the screen to select the rental or royalty that generated this income, and check that.
- Continue through the rest of the section.
[EDIT 02/18/18 11:32 AM]
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‎June 6, 2019
2:58 AM