MarilynG1
Expert Alumni

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"