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Investors & landlords
Use a separate schedule for each type payment by selecting the correct link.
Review the Schedule E in Turbotax after entering through the 1099 MISC incomes then you can enter things like production taxes, mineral property taxes, production costs, depletion, etc.["More expenses" radio button generally on depletion screen.]
Screen.>>>>Is this a Rental Property or Royalty
On this screen you must identify correctly the type of Rental or Royalty Activity Identification
Select royalty Property or payment.[absolutely crucial for royalty payment
‎June 6, 2019
2:20 AM