MarilynG1
Expert Alumni

Get your taxes done using TurboTax

Yes, you could enter the amount of the 1099-NEC as Business Income, then have a 'Miscellaneous Expense' adjustment for the 'Income Transferred to Royalty Income'.

 

You can report the amount of Royalty Income you received without a 1099-Misc.  

 

@Golong 

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