Enter all of your 2023 documents on the same tax return. You will enter each 1099s, separately, exactly how they appear. There will be a box to enter the tax withholding when you enter each forms. You will need to check the box that says 'My form has other info in boxes 1-18' if you have tax withholding on a 1099-MISC.
Where do I enter my W-2?
For your royalty income, with your return open, search for 1099-MISC and select the Jump to link in the search results.
When you enter your 1099-MISC, enter the income in Box 2 - Royalties. On the following screen, choose the source of your royalty income:
- Investment income from property you own – This includes natural resources extracted from your property by a third party who leases your property, as well as royalties from intellectual property that you didn't create yourself. This gets reported on Schedule E.
- Royalty income from your business, including artist royalties or operating a natural resources business (Schedule C) – This includes income from natural resources that you extract from your property as well as royalty payments from intellectual property you created as an inventor, writer, artist, and so forth. This gets reported on Schedule C.
Once you've selected the proper classification, follow the onscreen instructions.
Business activities include any activity where you:
- Intend to make a profit (even if you operate at a loss)
- Have regular transactions or production of income
- Make ongoing efforts to sustain, grow, or further the interests of your business
When you’re self-employed, you may receive a 1099-NEC, 1099-MISC, or 1099-K from the person or business that paid you. But even if you don’t receive a 1099-NEC, 1099-MISC, or 1099-K, you’re still responsible for reporting all your income and expenses from self-employment on your tax return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
