I received two 1099-MISC from a gas lease. They both pertain to the same property. One 1099 reports income from a bonus payment that is listed as "rental" in Box 1. The other 1099 reports royalty income in Box 2. I am an owner of mineral rights and NOT an owner of the above ground real estate.
Upon review, I get an error regarding the bonus payment reporting that I must show the "rental" income and royalty income as separate properties on the Schedule E. The error is flagged on the rental worksheet but when I look at the Schedule E form they are listed as separate properties in columns A & B. Can you help me resolve this issue?
A second error is also flagged on the rental worksheet that asks for days rented. If I enter a number then I am drawn into other real estate questions that are not relevant for a bonus payment.
Thanks
