Yes, if you enter this under the Form 1099-MISC topic as income from royalties, you will be prompted to choose between investment and royalty income.
However, if you follow the steps provided by Critter-3 and enter this under Other Reportable Income, this will appear on Schedule 1 Line 8Z with the description you enter (ex: Inherited royalties).
Note that the IRS doesn't necessarily match up a 1099-MISC to your return. This form ensures reporting compliance by those who pay you. As long as you report your income, you have satisfied the rules.
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