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January 29, 2025
Question

The guided form treated my 1099-misc as a new job when I entered income for oil and gas revenue. Locations of the mineral interests are all in Weld County. CO

  • January 29, 2025
  • 1 reply
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    1 reply

    January 29, 2025

    A 1099-MISC issued for oil and gas revenue is not considered income from a new job.  To fix the entry you would need to enter the 1099-MISC under other common income.  Follow these steps to enter the 1099-MISC:

     

    1. Login to TurboTax
    2. Click Wages & Income
    3. Scroll down to Other Common Income
    4. Click Start next to Form 1099-Misc
    5. Answer Interview Questions

     

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