Please follow the steps below to correctly report your royalties from common stock:
- Open your return.
- Search 1099-MISC and select the Jump-to link.
- Enter your royalties in Box 2.
- Select Investment income from Property you own for the page titled Source of 1099-MISC Income.
- Enter Stock Royalty on the page Rent or Royalty 1099-MISC Income screen.
- Search for Schedule E and select the Jump-to link.
- Click Edit next to the Stock Royalty entry.
- Select Royalty under What are you here to report?
- Enter your Royalty name and your address on the basic information screen.
- Answer the remaining on-screen questions.
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