I have gas royalties and I recieve 1099 - Misc forms reflecting the royalties. Do I complete the Business Income and Expenses section and/or the Rental Properties and Royalties section?
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I have gas royalties and I recieve 1099 - Misc forms reflecting the royalties. Do I complete the Business Income and Expenses section and/or the Rental Properties and Royalties section?
I have gas royalties and I recieve 1099 - Misc forms reflecting the royalties. Do I complete the Business Income and Expenses section and/or the Rental Properties and Royalties section?
These go in the Rental/Royalty income section and not on the Business Schedule.
Income on the business schedule is subject to self-employment tax.
I have gas royalties and I recieve 1099 - Misc forms reflecting the royalties. Do I complete the Business Income and Expenses section and/or the Rental Properties and Royalties section?
These go in the Rental/Royalty income section and not on the Business Schedule.
Income on the business schedule is subject to self-employment tax.
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