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Where do I enter royalty income for 1099 misc?
My husband received a 1099-MISC for a royalty payment - a song he owns was used in a movie and he gets royalty payments each year. I'm really confused about where it should go in turbotax. It's showing up in three places right now:
*Business Income and expenses, Rentals and Royalties
*Business Income and expenses
We are tracking income and deductions for his music business.
*Personal income, 1099-MISC
Does TurboTax keep a running list in the background and pull from the one 1099-misc entry? Or is it being counted three times?
*Business Income and expenses, Rentals and Royalties
*Business Income and expenses
We are tracking income and deductions for his music business.
*Personal income, 1099-MISC
Does TurboTax keep a running list in the background and pull from the one 1099-misc entry? Or is it being counted three times?
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‎June 1, 2019
12:36 AM