If you received a 1099-MISC from oil and gas royalty trusts, just enter it in the Rental & Royalties section. Do not enter the 1099-MISC separately--it will be counted twice. Please follow these steps:
- On the Wages & Income screen, in the Rentals, Royalties, and Farm section, click Show More and then click the Start/Revisit box next to Rental Properties and Royalties (Sch E).
- If you have started entering your royalties, you will see a screen, Rental and Royalty Summary. Click Edit next to the Royalty name.
- If you haven't yet entered royalties, go through the screens to enter the information.
- On the What Type of Royalty Income? screen, mark the Oil and Gas Royalty Income button and click Continue.
- Continue through the screens, entering the requested information.
If you entered the 1099-MISC separately, you can delete the form following these steps:
TurboTax Online
- While in your return, click on Tax Tools > Tools (in the black bar at the side of your screen).
- In the Tools Center, under Other helpful links click on Delete a form.
- Click Delete next to the form you want to delete and follow the onscreen instructions.
- Once you have finished deleting the desired form(s) click the Continue with My Return box (in the lower right of your screen).
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- Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar.
- In the Forms in My Return list on the left, click on the form you wish to open and delete.
- Click on the Delete Form box at the bottom of the screen.
- To return to the interview, click on the Step-By-Step icon in the top right of the blue bar.
