PattiF
Expert Alumni

Investors & landlords

The 1099-MISC should be entered as Royalty income. The questions that you are seeing are for rental income. 

 

To enter as Royalty income, in TurboTax Online, search for 1099-MISC and click the Jump to link

  • Click the Edit pen next to your entry in the 1099-MISC Summary
  • Enter the amount that was entered in Box 1 - Rents into Box 2 - Royalties, and delete the amount in Box 1, Continue
  • for Source of 1099-MISC Income, click Investment income from property you own
  • Describe This Property
  • Follow the prompts and answer the questions as you go

 

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