MarilynG
Expert Alumni

Investors & landlords

Type 'royalty income' in the Search or Find window, then 'Jump to royalty income'.

After you enter your 1099-Misc, with Income and any Taxes, TurboTax automatically fills in Depletion Information.  Click the 'More Expenses' box at the bottom of this page (screenshot).

Continue to the Royalty Summary topic listing (screenshot). 

Choose Update next to Expenses and Continue past the Common Expenses, Mortgage Interest, Other Interest, to 'Any Miscellaneous Expenses?' (screenshot). 




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