I will be receiving a 1099-MISC for rents received on farm equipment I own. The company issuing the 1099-MISC said that the amount would be reported in Box 1 (Rents). I simply bought the equipment for a passive investment for the lease/rental income. Will the IRS see this as self-employment income since it is reported on a 1099-MISC? This seems to be a gray area, especially with the income being reported in Box 1.
