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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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.  :-)

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. 

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

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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

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