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I am using home and business. It forced me to use the online version. I have entered my self employment income and now I have to go to passive royalty income. How?

I understand that I have to go to wages section but I can't find any way of doing that. How?
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PatriciaV
Expert Alumni

I am using home and business. It forced me to use the online version. I have entered my self employment income and now I have to go to passive royalty income. How?

In TurboTax Online, royalty income is entered under Federal >> Income >> Rental Properties and Royalties. The main difference is checking the box for Royalty Property on the property profile and ensuring you enter income from Form 1099-MISC in Box 2 (Royalties).

 

You should have been able to complete your return using TurboTax Home & Business. But if you have entered most of your information, there's no reason to switch back.

 

For more help, see: How do I enter a 1099-MISC for royalty income?

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