I receive music royalties for intellectual property created by me, as part of my business, but all income is listed in box 2 of my 1099-misc. Where do I enter this?

[meliseoz]

I received royalty income for intellectual property created as part of my business (music royalties through a publishing group). When entering it in schedule E, it says to classify it as business income but when filling out my 1099-misc there is nowhere to enter information from box 2, Royalties.

[PatriciaV]

Yes, these types of royalties should be reported on Schedule C. 

The 1099-MISC entry page in the Business Income section displays Box 2 Royalties (see screenshot #1 below - click to enlarge). You may also enter this as General Income, which appears on the Business Income summary page under income from 1099-MISC (screenshot #2). Either is acceptable, as long as you report all your business income.

To find this section of TurboTax Self-Employed, click the Business tab, Continue, "I'll Choose What I Work On," then click on Update beside Business Income and Expense. Click "Edit" beside your business, then Start/Update beside Business Income. This page allows you to enter 1099-MISC or General Income.