terry Posted February 2, 2012 Report Share Posted February 2, 2012 A farmer brought in a 1099-misc. (non-employee comp. ) for a storage & mineral deed. Does anyone know how this should be treated on the tax return? Thanks in advance! Quote Link to comment Share on other sites More sharing options...
Ranger Posted February 4, 2012 Report Share Posted February 4, 2012 What was the payment for? Did he actually deed over the mineral rights? Quote Link to comment Share on other sites More sharing options...
terry Posted February 5, 2012 Author Report Share Posted February 5, 2012 Yes. Another persons opinion was that it should have been reported on a 1099-B not a 1099-misc. Quote Link to comment Share on other sites More sharing options...
DANRVAN Posted February 8, 2012 Report Share Posted February 8, 2012 Sounds like a sale of mineral rights that needs to be reported on Schedule D. Quote Link to comment Share on other sites More sharing options...
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