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April 12, 2022
Question

Schedule E for Oil and Gas Lease

  • April 12, 2022
  • 1 reply
  • 0 views

I got a 1099 - Misc and Rentals is checked so that's what I input.  It won't let me enter 365 days on rental and 0 on personal use?  

1 reply

JohnB5677
April 13, 2022

This will be posted to a schedule E, but not as a rental property.

  1. Select Income & Expenses
  2. Scroll to Rentals, Royalties, and Farm > Show More
  3. Rental Properties and Royalties (Sch E)
  4. Add another rental or royalty
  5. What are you here to report? Select the Royalty box
  6. Follow the interview
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