Question

1099 Misc for Rental

Forum|Forum|6 years ago
March 30, 2020
1 reply
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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?

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:

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

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