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sandilea1
New Member

1099 Misc for Rental

I received approx $3,500 for a rental of vacant land for a cell tower.  This money was from my brother who lives in a different state per the wish of my mother. I do not own the property and am not on the contract with the cell tower and have no say in anything. I received a 1099. Do I have to pay taxes on this?

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1 Reply
JohnB5677
Employee Tax Expert

1099 Misc for Rental

I expect that you received a 1099-MISC, and yes, you will have to pay taxes on it.

If this is posted as rent go to:

  1. Income
  2. Scroll to Other Common Income
  3. Select Income from a 1099-MISC
  4. Post your information
  5. Under Source of 1099-MISC Income
  6. Select Nonbusiness income from rental of personal property or equipment
  7. Continue to the end.
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