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el roster
el roster asked in Business & FinanceRenting & Real Estate · 1 decade ago

I leased some land for oil and gas I received a 1099s is this the right form?

wasn't I suppose to received a 1099 for rental

2 Answers

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  • Glenn S
    Lv 7
    1 decade ago
    Favorite Answer

    Any unearned income from any source is reported on a 1099-MISC form.

    Even interest that you paid on your mortgage is reported on a 1099 form.

  • Ryan M
    Lv 7
    1 decade ago

    Yes it is the right form.

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