DianeW777
Expert Alumni

Investors & landlords

No. They payments were paid directly to you as the beneficiary in 2025 and were not income received by your Mom. The royalty payment(s) should be reported on your tax return. You can use the information below to enter your royalty payments. Select to report them on Schedule E.

Depending on the type of royalty, you may be entitled to a depletion allowance. Commonly 15% of gross income for oil/gas, often simpler, but not allowed for timber. TurboTax will calculate this automatically depending on the type of royalty you select.

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