Royalty
income from your business go to a Schedule C, although other
types of royalties, for property, do go to a Schedule E. Here are the
directions to open the path to enter your royalty 1099 in the Schedule C
business section of your return.
- Sign in to your TurboTax
account.
- Select Take me
to my return.
- Type " 1099misc
" in the Search box, in the upper right-hand, with the
magnifying glass
- Click on the blue
" Jump to 1099misc "link
- This will take you
to the 1099-MISC entry screen with a box 2 available
- There will be
questions after the entry that will direct the information to the Schedule C
- You will then have
an entry in the self-employment section, under the Income and Expenses tab
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