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Get your taxes done using TurboTax
When you entered your 1099 MISC, there is a screen that asks if this is investment or royalty income. More than likely, you selected royalty income. While it is true your income came from a royalty, here though, you will indicate this is investment property unless you are in the business of operating a natural resource business. If that is the case, the program will assume you are operating a business and will generate a Schedule C if you select royalty income in this screen.
Go back and change your selection to investment income and this will generate a Schedule E, like it should. Here is what the screen should look like where you will make that selection. See below!!
Now, as far as the the 1099 MISC data not showing up on the summary line, i am not sure what summary line are you referring to? Are you referring to a 1040 or to a View summary summary page in the tax tools section?
Anyhow, make the correction that I suggest. Make your correction first like I suggest and then go to tax tools>tools>delete a form. Check to see if Schedule C is still there. if so, then go to tax tools>tools>delete a form. Delete all Schedule C and Schedule C worksheets you see.
Let us know if this helps.
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