Please could you guide me more how to report the royalty as a capital gain in the Stocks bonds section.
I haven't read thtough this entire thread prior to posting this. But "ROYALTY" income is *not* reported anywhere except on the SCH E in the Rental & Royalty Income (SCH E) section of the program. That's it. Period. End of story.
So if you have a 1099-MISC with income reported in box 2, the SCH E is the absolute only place you report it.
Note also that all income is only reported ***ONCE*** on a tax return. There are no exceptions.
