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Investors & landlords
You would report it as investment income from property you own. Since you inherited it and are not operating a business to extract the minerals from the ground it is investment and not a business.
Whether you enter it through Other Common Income selecting the 1099-MIsC or through Rents, Royalties and Farm selecting Rental Properties & Royalties in the Wages & Income section it will be reported on Schedule E.
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‎February 20, 2023
6:24 AM
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