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    CorgiGirl's Avatar
    CorgiGirl Posts: 1, Reputation: 1
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    #1

    Feb 22, 2015, 01:40 PM
    How do I file the 1099-misc/lease of mineral rights: 1 for royalties, 1 for rent
    I have received a 1099-misc that records both royalties and rent. How do I file this on the 1040 form. I am using Turbo tax. I wants me to file this as a business expense even though it is undeveloped family property.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Feb 22, 2015, 01:49 PM
    BOTH rent and royalties are reported on Schedule E page #1, as are the legitimate expenses incurred with generating the rent and royalty.
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