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1099-MISC Box 2 Royalties: Why is it forcing me to make it a Schedule C and not Schedule E?
I have a 1099-MISC (2020 taxes) form from some online influencer work I did for about six months in 2020. The income is in the Box 2 Royalties area. I'm trying to enter that 1099 into a Schedule E for royalty income, but every time I try TurboTax tells me I must create a Schedule C and claim it as self-employment income. I didn't think this was a business income as it was listed in the royalties area. HR Block lets me put it in schedule E just fine, but I tend to like using TurboTax better.
Is there a way around this?
Last year I claimed business income and I had a schedule C and schedule E. But this year I have no online business, no business income, or losses as I shut it all down.
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‎January 30, 2021
12:30 PM