MarilynG1
Expert Alumni

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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