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karen-everything
New Member

I have 1099 misc for royalties for Oil & gas. The only place I see to enter 1099 misc asks me questions as if this is a business I run. Is thie where I enter the inform

 
1 Reply
DoninGA
Level 15

I have 1099 misc for royalties for Oil & gas. The only place I see to enter 1099 misc asks me questions as if this is a business I run. Is thie where I enter the inform

After entering the Royalty income from the Form 1099-MISC the program should ask you if this was from an investment or a business.  You should select that is was an investment so the income and expenses (if any) for the Royalty income can be entered on a Schedule E.

Enter 1099-misc royalties in the Search box located in the upper right of the program screen.  Click on Jump to 1099-misc royalties

See screenshot for box 2 Royalties

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