USA 1099 reportable? Groundwater Well Lease

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Hello,

Are lease payments for groundwater well leases 1099 reportable?

Thanks!

Speed
 

kirby

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If you are paying for the lease, get a W9 from the person you are paying. When they fill that out, if they are a corporation - no 1099 to them, else issue them a 1099.
 

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