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cotte4313
April 3, 2025
Question

I have inherited an oil well from my grandpa after he passed away. I have a 1099-MISC for 28.15 and pay severed mineral taxes of 30.78 and 34.02. not a rental property

  • April 3, 2025
  • 1 reply
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    1 reply

    KrisD15
    KrisD15
    April 3, 2025

    Royalties are reported on Schedule E similar to rentals. 

     

    Enter the 1099-MISC and link to Schedule E or set-up the royalty on schedule E and enter the 1099-MISC directly in that section.  

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