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Does a 1099-MISC with Box 1. Rents require a Schedule E? The payment is for extending an Oil & Gas Lease. No other income or expense is associated with the property.
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Yes, a 1099-MISC with box 1 requires a Schedule E. Since the income is Passive Activity, i.e.; then the rents received would show on the Schedule E (Rental Properties and Royalties).
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