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Heir to book royalties distributed by a fellow heir -- how to report taxes?
My grandparents were professional authors, and their books still earn royalties. My uncle is managing my grandmother's bank account that this money goes into and then periodically paying out disbursements by personal check to himself and the other heirs, including me. He notified me at the beginning of the year that I need to pay taxes on the royalties (unlike the inheritance we received after my grandparents died). The problem is I don't receive a 1099-MISC and I don't see how to enter these earnings into Turbo Tax. How do I report and pay taxes on this?
Thank you!
‎February 10, 2020
7:37 PM