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Investors & landlords
If you received form 1099-MISC, make sure you reported the rental income in TurboTax in box 1.
Royalty income is income received from allowing someone to use your property. Royalty payments for the use of patents, copyrighted works, natural resources, or franchises are most common.
Revisit the Royalty section to delete anything that might be there.
- Login to your account.
- Select Federal from the left menu
- Go to Wages and Income then Income and Expenses.
- Scroll down to Rental Properties and Royalties and click Revisit.
- Select Edit beside any property that is untitled or that shows Royalties
- Use the trash can or click delete to remove it.
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March 30, 2021
8:07 AM