Retirement tax questions

This should be reported as rental income and the Form  1099-MISC would have been the correct reporting form is you are not actively participating in the extraction of gas or oil.

First delete the form and then follow the instructions in the link to report the rental or royalty income. Royalties only occur if the extraction is actually taking place. Rental income is the category if there is a lease, without action of extraction right now.

• Where do I enter income and expenses from rental property?
• There may be no expenses is there is no extraction yet. Once extraction begins and the income is royalty, you would be allowed a 15% depletion allowance.

Delete this form --1099-NEC----. 

• If you're using TurboTax Online software and need to delete a form, click here.
• If you're using TurboTax Desktop software and need to delete a form, click here.