his father left this to him when he passed, dont know what i need to do with it
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Form 1099-MISC from oil companies is generally for oil and gas royalty income. This income is reported on Schedule E (the same form that is used to report rental income). You will need to upgrade to TurboTax Premier to complete your return with this income.
In TurboTax, follow these steps:
Form 1099-MISC from oil companies is generally for oil and gas royalty income. This income is reported on Schedule E (the same form that is used to report rental income). You will need to upgrade to TurboTax Premier to complete your return with this income.
In TurboTax, follow these steps:
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