I received a 1099-Misc OMB No. 1545-0115 for royalties. However, I cannot find a place to put the amount for Prod./Taxes that was deducted from my royalties.

DTH61 · ‎February 29, 2024

Please respond to this question for TurboTax2023

DoninGA · ‎February 29, 2024

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

DTH61 · ‎February 29, 2024

Correct but where do I enter Deduction from revenue (i.e. Production Taxes, State withholding)?

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I received a 1099-Misc OMB No. 1545-0115 for royalties. However, I cannot find a place to put the amount for Prod./Taxes that was deducted from my royalties.

I received a 1099-Misc OMB No. 1545-0115 for royalties. However, I cannot find a place to put the amount for Prod./Taxes that was deducted from my royalties.

I received a 1099-Misc OMB No. 1545-0115 for royalties. However, I cannot find a place to put the amount for Prod./Taxes that was deducted from my royalties.

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I received a 1099-Misc OMB No. 1545-0115 for royalties. However, I cannot find a place to put the amount for Prod./Taxes that was deducted from my royalties.

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I received a 1099-Misc OMB No. 1545-0115 for royalties. However, I cannot find a place to put the amount for Prod./Taxes that was deducted from my royalties.

I received a 1099-Misc OMB No. 1545-0115 for royalties. However, I cannot find a place to put the amount for Prod./Taxes that was deducted from my royalties.

Unlock tailored help options in your account.

Get more help

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