Self employed

Royalties can be entered directly without entering your 1099-MISC.  First delete this form using the instructions below for TurboTax Desktop.

You'll need to delete Form 1099-MISC. 

• If you're using TurboTax Desktop software and need to delete a form, click here.

Follow the instructions below to enter your royalty income.

1. Next Open your TurboTax Desktop return.
2. Search (upper right) > type royalties > Click the Jump to.. link
3. Select Yes - Income from Rentals or Royalty Property You Own > Continue on the next screen
4. Start or Add another Rental or Royalty > Select 'Royalty Property or payment' > Enter the  Royalty Description, Address and City
5. Continue to answer the questions until you complete your royalty property
6. When you come back to the screen 'Review Your___ Royalty Summary' select Royalty Income
7. Select any expenses and complete your entry for Royalty Property

Depending on the type of royalties you may have depletion expenses.

@fjordan43

[Edited: 02/12/2025 | 3:41 PM PST]