I receive a 1099 nec for oil royalties.
I am a non employee and don't do anything to earn these royalties.
Why is it not a 1099 misc?
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If you have a working interest in the oil operations, the income is supposed to be reported on a 1099-NEC, in box 1, not on a 1099-MISC.
If you have a working interest in the oil operations, the income is supposed to be reported on a 1099-NEC, in box 1, not on a 1099-MISC.
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