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Gas Royalties reported on 1099-MISC
What is the correct place to enter the royalty income?
I entered it in Rental and Royalties which prompted an entry in 1099-MISC but this results in duplication of this income. Once as 1099-MISC as the gross amount and once as the Rental and Royalties income as the net amount.
I have started over three times on entering this and have not been successful in eliminating the duplication.
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March 25, 2023
4:57 PM