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Investors & landlords
I use the Deluxe version which doesn't have that section. When the Deluxe version specifically accepts the 1099 entry for oil royalties it should automatically enter the 15% deduction in the schedule E which is included in the Deluxe version. At the very least, it should advise you that the deduction exist and tell you it is in the Home and Business version. I have lost all confidence in TurboTax at this point and will not be using it again.
‎February 10, 2021
5:21 PM