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1099-Misc Assuming Business Ownership
I received oil and gas royalties on four 1099-Misc forms from 4 different companies, but do not own the businesses or the properties where the oil and gas is extracted. TurboTax Premier wants to create a Schedule C assuming I own a business. Schedule C includes things like business name, address, accounting methods, and other things which do not apply in this situation. (The income involved is all of $180 total!)
How do I enter the 1099-Misc data in such a way as to NOT have the software force a Schedule C, since that doesn't apply to me?
March 7, 2021
11:26 AM