Where do I report 1099-MISC box 3 amount received as a surviving beneficiary of motion picture residuals for my deceased brother that will continue indefinitely?
Based upon research I believe it should be on schedule 1 line 8 or schedule 8 - royalties.
Prior TurboTax community said to put on schedule E under royalties - but that does not match the 1099-MISC box being 3 instead of 2 - does that matter?
The turbo tax questions for directing placement to schedule 1 line 8 or schedule E do not have this particular instance, so it puts it to schedule C which I do not think is correct as it is passive income.
The 1099-MISC form itself on box 3 indicated to place it on line 8 of schedule 1 with example language of "The amount shown may be payments received as the beneficiary of a deceased employee, prizes, awards, taxable damages, Indian gaming profits or other taxable income".
