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I have expense, such as severance tax, that come from my royalty income. How do I enter those expenses, which should appear as expenses on Schedule E?
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I have expense, such as severance tax, that come from my royalty income. How do I enter those expenses, which should appear as expenses on Schedule E?
Review the Schedule E in Turbotax after entering through the 1099 MISC incomes then you can enter things like production taxes, mineral property taxes, production costs, depletion, etc.["More expenses" radio button generally on depletion screen.]
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