I received $421 in 2019 for an oil lease on a property in OK. I have not received any paperwork from the oil/gas co. Do I need to file this on Schedule E?
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I received $421 in 2019 for an oil lease on a property in OK. I have not received any paperwork from the oil/gas co. Do I need to file this on Schedule E?
I received $421 in 2019 for an oil lease on a property in OK. I have not received any paperwork from the oil/gas co. Do I need to file this on Schedule E?
The payor is not required to issue you a 1099-MISC if they paid you less than $600 in the tax year. But that does not negate your requirement to report the income. So you will still report the income on SCH E.
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