I JUST PAID TO SEE OUR TAX RETURN. WE ARE NOT IN BUSINESS WITH ROYALTY COMPANIES!

[rjhill2935]

WE GET ROYALTIES FROM OWNING ROYALTY INTEREST IN LAND WHERE OIL AND GAS ARE BEING EXTRACTED

[rjhill2935]

NO WE HAVE REPORTED ROYALTIES FOR YEARS!  YOUR ANSWER DID NOT HELP.  YOU MESSED UP MY RETURN WITH BUSINESS CRAP!

[rjhill2935]

yOU HAVE TO RE-DO MY RETURN.   IF YOUR QUESTION SESSION WERE SET UP TO FOLLOW THE FORM WE WOULD HAVE LESS TROUBLE REACHING AN END REPORT

[view2]

Your ire is misdirected, I am a user just like you and was only trying to help.

This is a public forum use the link below for your solution.

You should contact TurboTax,  

How do I contact TurboTax?

<a rel="nofollow" target="_blank" href="https://support.turbotax.intuit.com/contact/">https://support.turbotax.intuit.com/contact/</a>

Have a nice day,.

[view2 · Accepted solution]

You generally report royalties in Part I of Schedule E (Form 1040). Oil, gas, and minerals. Royalty income from oil, gas, and mineral properties is the amount you receive when natural resources are extracted from your property.

Box 2 of Form 1099-MISC is reserved for tax reporting related to royalty payments.Part I of Schedule E (Form 1040){select royalty for this] Link to "investment"at the last screen of the 1099-misc section..

Box 1 of Form 1099-MISC is reserved for tax reporting related to rental payments.Part I of Schedule E (Form 1040)[select rental for this]  "select "Non business income from the rental of personal property or equipment.

Use a separate schedule for each type payment by selecting the correct link.