TeresaM
Expert Alumni

Investors & landlords

You will report mineral rights, gas, and oil well royalties from Box 2 of Form 1099-MISC in the Wages and Income section. (You will need the Premiere or Self-Employed version of TurboTax for rents or royalties)

 

  1. Scroll down to Rentals, Royalties, and Farm and select Show More
  2. Rental Properties and Royalties (Sch E)  and Start or Revisit
  3. Select Royalty and it will walk you through the entry
     



If the rights are leased and reported in Box 1, then you will need to report it in the Rental section. 

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