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