I have a royalty income from an investment, does it not belong on 1099 misc

[DianeW · Accepted solution]

Yes, this is reported on Form 1099-MISC in box 2, or box 3.

Report your royalty income using the steps below.

The instructions here will take you to your Form 1099-MISC entry screens.

1. Sign into your TurboTax Account - online
2. Select My Account in the upper right, then Tools
3. Select Topic Search (image attached)
4. Search for 1099misc, then Go
5. Continue to enter your information

When using the TurboTax desktop version use these steps:

1. Select the Federal Taxes tab
2. Select Wages & Income
3. Scroll to 1099-MISC and Other Common Income
4. Select Income from Form 1099-MISC
5. Start to complete the entry of your form (image attached for review)
6. Continue to follow the program to enter any expenses