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New Member
posted Jun 3, 2019 12:28:08 PM

I received a 1099- misc (royalty) from a company that leases the mineral rights on my property. Turbotax questions don't seem to apply to my situation. What do I do?

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3 Replies
Intuit Alumni
Jun 3, 2019 12:28:09 PM

Turbo Tax has an excellent FAQ to help you enter in the royalty income: https://ttlc.intuit.com/replies/4792182

Level 3
Jul 11, 2020 11:53:56 AM

You don't answer the question: you just link to the "excellent" (barebones - not at all excellent) FAQ. The FAQ explains only the easiest most basic bit of schedule e, then it leaves you to your own devices. Ridiculous. 

Level 15
Jul 11, 2020 11:57:01 AM

I see you're using the online version of Deluxe. I'm not sure, but I think you'll need at least the Premier version for this. All rental and royalty income is reported on SCH E. That would be under the Personal Income tab in the section titled "Rental and Royalty Income (SCH E)". When working through that section the defailt selection is "rental property" make sure you take action to change the selection to royalty income.