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April 18, 2022
Question

I have a 1099-MISC from oil and gas payments on the property we live on. Is this "Investment income from property you own" or "Royalty income"? We are not self empl

  • April 18, 2022
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1 reply

April 18, 2022

This will be entered as royalty income from your Form 1099-MISC and will show in the Schedule E portion of your return.

Self-employment is now coming on a Form 1099-NEC.