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?
01528
1 Best answer
MichaelL1
Level 15
Jun 5, 2019 11:42:17 AM
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.
1 Replies
MichaelL1
Level 15
Jun 5, 2019 11:42:17 AM
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.