Yes. For the Information on the royalty, you can write a detailed description or name it Royalty from Investment.
If reporting royalty income, the IRS instructions say address lines 1 and 2 can be left blank, but TurboTax may not let you continue without an address. If so, you can use the address of the company which pays your royalties (as shown on your 1099-MISC form) or you can use your own address.
Since the IRS is not expecting an address, you can choose between the two options listed above.
@D13
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