We received a 1099 Misc for the lease of a Verizon Tower on our property. Is the source of income Rental Income form E or Nonbusiness income?

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Leasing of the land and tower properties to unrelated third parties were rental activities as defined in Sec. 469.

Passive income is most commonly reflected on Schedule E as a net rental income.

Examples: fields leased to a farmer, mobile home parks, land leased for billboards, lots leased to sell Christmas tree, land leased for cell towers and campgrounds.

https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Passive-Activity-Loss-ATG-Chapter-3-...

How do I file a Substitute Form 1099-S form if I was not involved in the purchase or selling of the property. All I did was receive a disbursement from the sale proceeds.

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We received a 1099 Misc for the lease of a Verizon Tower on our property. Is the source of income Rental Income form E or Nonbusiness income?

We received a 1099 Misc for the lease of a Verizon Tower on our property. Is the source of income Rental Income form E or Nonbusiness income?

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We received a 1099 Misc for the lease of a Verizon Tower on our property. Is the source of income Rental Income form E or Nonbusiness income?

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We received a 1099 Misc for the lease of a Verizon Tower on our property. Is the source of income Rental Income form E or Nonbusiness income?

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