Question

Oil and gas lease bonus and royalties

Forum|Forum|4 years ago
April 6, 2022
1 reply
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I have an oil and gas lease bonus on one 1099-MISC and royalties on a separate 1099-MISC. Turbotax is trying to put the royalties on a schedule c and the lease bonus on a schedule e. But I keep getting an error on the schedule e and it doesn't show that as income. What am I doing wrong?

R

RobertB4444

Royalties should carry over to the schedule E and so should the lease bonus. Go back and check your entries and see if there is an answer to any of the questions that might make TurboTax think that this income resulted from you being self-employed in the oil business.

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