cool_finn
New Member

Investors & landlords

Hi Kathryn, I'm doing this same thing for our 2021 taxes -- we receive a "nuisance fee" from a Texas-based windfarm because they have a wind turbine within 600 feet of our property line in Illinois. We do not own the windfarm company or any subsidiary of it; we just receive a check once a year and a 1099-MISC for royalties. When I select the Royalty tile, then Geothermal tile, I get a questions asking if made any of the following payments (payments >$600 to a contractor or payments that required me to send someone a 1099-MISC), and it asked if we own or partially own the business (we do not). We struggle with this every year. What is your recommendation? Thanks in advance!