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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.
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