Individual Income Tax Question

I received a 1099-MISC for income from wells in which I am an unleased mineral owner. The operator listed the income in Box 7 as Nonemployee Compensation. The tax program I'm using is treating it as business income and therefore I'm having to pay self-employment tax on it. Is this correct? I don't feel this is earned income that I should have to pay Social Security on; I work for a school district and pay into the teacher's retirement fund, not Social Security. Any thoughts would be appreciated.

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Permalink Reply by Skip Peel - Mineral Consultant on March 5, 2019 at 4:48

Kathy, I'll add my two cents regarding casingpoints less than civil tone. Please don't let one somewhat discourteous replay lead you to abandon us. We need you. :-)

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Permalink Reply by Bobi Carr ("parker") on March 24, 2019 at 0:59

Kathy, I haven't read any of casingpoints remarks before but when I read it, I thought it was an attempt at humor. It is not always easy to know the writer's intent.

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Permalink Reply by casingpoint on March 27, 2019 at 8:21

Thanks for the backup, Bobi Carr. One stays around the O&G business, your skin soon turns to rawhide.

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GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…

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About As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More	Links About General Info Guidelines Supporters Donate Advertise Subscriptions Contact us

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As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More

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