KrisD15
Expert Alumni

Investors & landlords

That would be entered on Schedule E.

 

In TurboTax, go to the Income section

Find Rental Properties and Royalties    START

 

Continue through the interview,

Be sure to select "Royalty property or payment" on the "Is This a Rental Property or Royalty?" screen

You will get to a "Enter Your Royalty Information" screen which is where you will report the amount on the 1099-MISC

Continue and enter your depletion number

Finish this interview 

 

The income will be reported on Schedule E and included with your tax return. 

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