I have been receiving two 1099-MISC for inherited book royalty income from 2 different companies as beneficiary of my late brother's estate since 2011. Every year, reporting the income is confusing, as I do not have my own business. The amounts for 2017 is $53 on one 1099, and the other $550. I typically use TT Deluxe version, but would be willing to use Premier or Home and Business the proper form for reporting is not included in Deluxe. I need to know exactly on what tax form and which TurboTax version I should use to report this income, in order to pay the least tax on the royalty income. Once again, I am not self-employed and only receive the royalties as part of my inheritance.
