filing federal taxes
Anyone familiar withe the federal tax code regarding gas lease bonuses? We got our bonus at the end of the year (2017)and I made a point to file 4th quarter estimated taxes so I don't get stuck with a penalty. I was wondering if anyone knows for sure whether the bonus is considered rent (as it is reported in the 1099-misc) and therefore, if in a rental agreement I cannot take a deduction for my property taxes as this property is a vacation home? Just wondering if there are others out there with this issue and know haw to file. Thanks up front!
It's good knowin' he's out there. The Dude. Takin' her easy for all us sinners