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Investors & landlords
Enter the 1099-MISC "Oil and gas" royalty income in the Rental Properties and Royalties (Sch E) interview found under the Federal Taxes > Wages and Income > Rental Properties and Royalties.
In the first interview screen that asks for information on the 1099-MISC (" Is this a Rental Property or Royalty?") , you must check "Royalty property or payment".
Answer to the succeeding interview questions will depend on the type of royalty payment you received. Please update this answer with a Comment if you encounter further questions.
‎June 5, 2019
11:57 AM