Solved: 1099 nec oil royalties

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?

posted

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.

1099 nec oil royalties