- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Trying to figure out income from deceased actor husband’s residuals and royalties
My husband was an actor and passed away 10/2018. This year, I kept getting errors when all his residual and royalty income was under a business expense.
I moved it following instructions posted by Irene2805 in response to a similar question to less common income:
Report the residuals as Miscellaneous Income, using these steps:
- Click on Federal > Wages & Income
- In the Less Common Income section , click on theStart/Update box next to Miscellaneous Income, 1099-A, 1099-C.
- On the Let's Work on Any Miscellaneous Income screen, click the Start/Update box next to Other reportable income.
- On the screen, Any Other Taxable Income? click the Yes box.
- On the next screen, Other Taxable Income, enter a description and the amount. Click Continue.
- The amount entered will appear on line 7 of the 1040.
But now I have different errors on the Miscellaneous Income 1099 form: For Royalties I have to pick either Schedule C or E??? Or Residuals in Box 3 I have to pick either C or F???
I would appreciate some help!
Thanks!
Topics:
February 16, 2020
8:05 AM