Rents and royalties - Ask TaxGuru

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02-08-2010, 12:33 PM

debrod

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Join Date: Feb 2010

Posts: 1

Rents and royalties

I have a gas lease and received rents and royalties in 2009. I have a 1099 Misc and I am wondering if I report this on Schedule E and if I can claim my mortgage interest on this as well?

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