Question on Misc 1099 income

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  • Chief
    Senior Member
    • Jun 2005
    • 799
    #1

    Question on Misc 1099 income

    I have a 1099 misc with Rents income of 84.60. First time I have seen one like this. It's from a place in Denver, CO. Where do I list this?
    Line 21 of 1040, Sch E, Sch C, or someplace else? Is a state return required?
    Thanks for your help.
    Tags: None
    • Nashville
      Senior Member
      • Nov 2007
      • 1129
      #2
      Where is the Property?

      I can't imagine anyone sending out a 1099 for "rent" that low.

      The treatment would depend on where this formidable total of $84 came from.

      If there is not a rental operation, I would report it on Line 21 of 1040.

        Comment

        • thomtax
          Senior Member
          • Nov 2006
          • 1276
          #3
          Since this is from Colorado, could it be a lease payment for an oil or gas lease where they pay as a lease instead of royalties on production?

          LT
          Only in government or politics is a "cut in spending" really an increase. It's just not as much of an increase as they wanted it to be, therefore a "cut".

            Comment

            • DTS
              Senior Member
              • Jun 2005
              • 1852
              #4
              1099

              Chief,

              I had a client that received them each year for rents from his residential rental in AZ. Those were the first I ever saw. Have not seen them since.

              D

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