1099 MISC has both rent and royalties reported

Forum|Forum|4 years ago
April 11, 2022
5 replies
37 views

I received a 1099 MISC with both rent and royalties reported. I entered the 1099 information as reported, and I keep getting errors for rent and royalties need to be reported separately. I did enter them separately, but Turbo Tax threw them together onto the same Schedule E. Also, the oil and gas lease is for the rights under our home, so don't know how to enter the rent portion. Error check says I need to have number of days use for rental probperty.

KrisD15

Level 15

Is the rent for under your home an easement?

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dnoguchiAuthor

Level 2

Yes. The lease agreement says " To this end, Lessor hereby grants to Lessee a subsurface easement for all purposes associated with such directional/horizontal wells."