You do not need to file Schedule C, Royalties are reported on Schedule E.
Here is how to report a royalty in TurboTax:
- Select Federal from the left side menu.
- Select Wages and Income toward the top left.
- Scroll down/ expand the list and look for Rentals and Royalties.
- Expand that section and find Rental Properties and Royalties (Sch E).
- Click Start on the right.
- Answer the first question Yes.
- Select Royalties on the right, click Continue.
- Fill the screen with the information from your 1099-MISC and click Continue.
- Answer the next few questions.
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