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When you are entering your information in the section of the TurboTax program for Rental and Royalties you will be asked if you received a Form 1099-MISC.
Enter the Form 1099-MISC as received. The form has the amount of federal taxes withheld, if any, in box 4 of the form. The taxes withheld will be entered on your tax return, Form 1040 on Line 25b
Correct but where do I enter Deduction from revenue (i.e. Production Taxes, State withholding)?
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