- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You make two 1099-Misc entries into TurboTax. One with the 'Rents' amount and the other with the 'Royalties' amount.
Production Taxes and Depletion are 'More Expenses' in the interview on the Schedule E reporting the Royalty income.
Here's more info on Reporting Royalty Income and Expenses.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 16, 2024
2:17 PM