It depends. The 1099-MISC income is entered on either Forms Schedule E, F,C, or as Other Income. You may contact the payer if the income was a lease payment (rent) or minerals (royalties). If it's a lease, it's entered on Box 1 as rent income, and box 2 for royalties. You may follow the steps below to enter the income:
- Login to Turbo Tax
- On the left side of the screen, click Tax Tools, then Tools.
- Select Topic Search and type on the search box Form 1099-Misc, click go..
- Enter your mineral rights lease income on the proper box.
