- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Use the instructions in the link below to enter your royalty income on 1099-misc. After you enter the income, you will move to the expenses section where you can deduct your expenses. You will be able to enter production taxes as well as other taxes and deductions related to the royalty income.
How do I enter a 1099-MISC for royalty income?
Basic tax reporting oil and gas 1099-MISC royalties
**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 12, 2025
9:38 AM
832 Views