I earned more than $600 on royalties from my novels in 2016 but my publisher told me he does not provide 1099s. How do I enter my royalties in Turbotax? Thanks.

[Fern · Accepted solution]

Royalties can be reported on either a Schedule C or a Schedule E depending on why you are receiving the royalties.  Royalties from a book you wrote are definitely reported on Schedule C as business income.  Since you did not receive a 1099 misc for this, you will report your royalties as general income.

• Select the Business Tab
• Select Continue on the Let’s Find Some Business Expenses screen.
• Select I’ll Choose What to Work on at the next screen
• Select Update at Business Income and Expense
• Select Edit next to your business
• Select Start or Update next to Business Income
• Select Start next to General Income

Enter a description of how the revenue was earned and enter the dollar amount.

Be sure to complete the Business tab to enter additional info about your business and any related expenses.