Please read this Turbo Tax article written by Paula. In this article, Paula states. "After entering the initial royalty information, enter the taxes paid on the page, Enter Your Royalty Information. Mark the box if your form had the taxes withheld on the 1099-MISC form (Boxes 4 or 16). Continue to next page to enter depletion (15% of gross), then select More Expenses.
Continue until you reach the summary page where you can enter the taxes (if not listed in box 4) and other deductions as a misc. expense. "
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
