I am using PREMIER (DISC VERSION) for personal and BUSINESS (DISC VERSION) for my two S-Corps. This is our first year my wife has had “WORKING INTEREST” invoices and revenue from an oil property. She now has working interest in 2 drilling companies on her mineral rights properties. One company sent the 1099-MISC with amounts in BOX 2 and BOX 3. The other company sent a 1099-NEC, but we have not received any drilling cost data for that well. Previous oil and gas revenues were just “ROYALTIES” amounts. Obviously we know little about how to handle these new 1099 forms and data entry into TURBOTAX.
