287 members
307 members
409 members
6 members
49 members
© 2026 Created by Keith Mauck (Site Publisher).
Powered by
GoHaynesvilleShale.com is where mineral owners, landowners and oil & gas professionals discuss the Haynesville Shale, Austin Chalk, Terryville Complex, Tuscaloosa Shale, Lower Smackover Brown Dense and lithium plays. Ask questions, share what you know, and keep up with activity in your parish or county. [ Read More ]
Comment Wall (1 comment)
You need to be a member of GoHaynesvilleShale.com to add comments!
Join GoHaynesvilleShale.com
landownerKathy Morgan said…
1. If you have expenses (like legal fees) to offset the income then it is very important that you file it as rents since you want to be able to take the expenses. I would file the Sch E with the income in rents and attach a copy of your lease and an explanation documenting the fact you contacted the company and they refused to re-issue the 1099.
2. If you have no expenses put it on the Sch E as royalties and press on. The end result is taxed the same as ordinary income. Be aware that you can not take depletion on the bonus money even if you put it under royalties.
Kathy