Ihave a 199 misc for oil and gas lease, where doesthis go

gbrucewhite — Thu, 06 Jun 2019 09:39:15 GMT

You would list the lease info on schedule E in the Rents...

DallasM — Thu, 06 Jun 2019 09:39:16 GMT

You would list the lease info on schedule E in the Rents and Royalties section. You will list the lease as a 'rental' if the amount is in Box 1 rents. Then proceed to enter info about the lease. It will seem odd at first because it will seem like it is talking about a house, but answer with the asset in mind and select 'other' or 'none of the above' where applicable.

Eventually, you will land on a summary page, where you can enter the 1099-MISC and the attorney expenses. See attachment below.

https://dqjghx1vau0u.cloudfront.net/uploads/assets/34059/original.PNG?1455384788

topic Ihave a 199 misc for oil and gas lease, where doesthis go in Investors & landlords

Ihave a 199 misc for oil and gas lease, where doesthis go

You would list the lease info on schedule E in the Rents...