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patnbob95
New Member

How do I report 1099-Misc when it is for mineral rights, only, we do not own the property?

 
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Accepted Solutions
Tonita
Level 2

How do I report 1099-Misc when it is for mineral rights, only, we do not own the property?

To enter your 1099-MISC:

  • Go to Federal  > Wages & Income
  • Scroll down to the Other Common Income section
  • Click Start next to Form 1099-MISC
  • Answer Yes to Did you get a 1099-MISC?

At the screen "Does one of these uncommon situations apply", select "None of these apply". If you answer all 3 of the next questions no; TurboTax treats it as other income rather than self employment.

  •  No, didn't involve work like main job
  • Only got the income in 2017
  • It didn't involve an intent to earn money

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1 Reply
Tonita
Level 2

How do I report 1099-Misc when it is for mineral rights, only, we do not own the property?

To enter your 1099-MISC:

  • Go to Federal  > Wages & Income
  • Scroll down to the Other Common Income section
  • Click Start next to Form 1099-MISC
  • Answer Yes to Did you get a 1099-MISC?

At the screen "Does one of these uncommon situations apply", select "None of these apply". If you answer all 3 of the next questions no; TurboTax treats it as other income rather than self employment.

  •  No, didn't involve work like main job
  • Only got the income in 2017
  • It didn't involve an intent to earn money

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