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Business & farm
If you have been entering income from your Oil and Gas property in the Rentals and Royalty section of TurboTax, you would enter the sale there also.
This is reported on Schedule E, and you will be asked about the Depletion Factor when you enter the income.
Type 'royalty income' in the Search area and then 'Jump to royalty income' to get to this section.
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‎January 21, 2021
6:41 PM