KrisD15
Employee Tax Expert

Investors & landlords

You should be entering this as a Royalty Payment (not as a 1099-MISC "Other Income").

 

  • Wages & Income
  • Rental Properties and Royalties
  • START or UPDATE 
  • Continue

 

On the "Is This a Rental Property or Royalty?" screen, select "Royalty property of payment"

Use your address if applicable

Select "Other Intangible" for Type

Continue to finish entering the Royalty Profile

 

DO NOT LEAVE THAT SECTION

 

Select "Royalty Income"    START

Select "Royalty income reported to you on Form(s) 1099-MISC"    START 

Enter the 1099-MISC and finish the interview

 

This should put the royalty (passive income) on Schedule E 

Flows to Schedule 1

Flows to your 1040 line 8

 

The 1099-MISC is not entered anywhere else in the program. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"