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Get your taxes done using TurboTax
If you Edit your royalty in TurboTax Online, you get a screen asking 'Do any of these uncommon situations apply to you?'
If your 1099-Misc reports only your share of the Royalty Income, answer NO.
If you are distributing part of your 1099-Misc amount to another person, then you would enter an ownership %.
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‎February 24, 2022
7:59 PM