ThomasM125
Employee Tax Expert

Business & farm

I'm not sure if you mean that you received royalty income, typically reported on a form 1099-MISC in box 2? If so, any federal tax withheld should be reported in box 4.

 

If it is not but was paid in on your behalf, you would report it as estimated tax paid in TurboTax as follows:

 

1. Go to the "Federal" section in TurboTax and click on  "Deductions and Credits"

2. Find "Estimates and other Taxes Paid" and look for "Estimates" and click on it

3. Click on "Federal estimated taxes for 2019" and work through that section

 

You also may mean that income tax was paid on your share of the income in the name of the business. In that case, you would just enter the Royalty income as reported in box 2 of the form 1099-MISC, since the taxes paid would already be deducted from that income.

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