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New Member
posted Jun 5, 2019 11:59:34 PM

1099 misc royalties was an inheritance from my mother and father. how to approach this on the filing?

0 2 2708
2 Replies
Expert Alumni
Jun 5, 2019 11:59:35 PM

Inherited property is not taxable. But income derived from inherited property is taxable. You have to report this royalties income on your tax return.

New Member
Mar 21, 2020 3:21:01 PM

The problem is, Turbo Tax Deluxe version for claiming the 'source' of Royalty Income has only 2 options:

-- Owner of property

-- Business dealings

Neither of which are applicable to a simple Inheritance from an Estate, so how can I get this Misc Income entered correctly?