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runner4724
New Member

I sold mineral/oil rights that I inherited about 10 yrs ago. Where do I enter the information?

We never received royalties and don't own the property. Only the rights. I'm using the Deluxe version of Turbotax.

1 Best answer

Accepted Solutions
KrisD
Intuit Alumni

I sold mineral/oil rights that I inherited about 10 yrs ago. Where do I enter the information?

Please open your account and start your return

Click on 

Federal 

Wages & Income

You may need to choose "I'll pick what to work on" and scroll down to "Investment Income"   Show More

Click Start (or Revisit) next to "Stocks, Mutual Funds, Bonds, Other" 

"Did you get a 1099-B?" Click No

"Choose the type of investment.." Click "Everything else" and Continue

Follow the screens to enter the investment information. 

You will need to enter the date and value when it was inherited or purchased. 

View solution in original post

1 Reply
KrisD
Intuit Alumni

I sold mineral/oil rights that I inherited about 10 yrs ago. Where do I enter the information?

Please open your account and start your return

Click on 

Federal 

Wages & Income

You may need to choose "I'll pick what to work on" and scroll down to "Investment Income"   Show More

Click Start (or Revisit) next to "Stocks, Mutual Funds, Bonds, Other" 

"Did you get a 1099-B?" Click No

"Choose the type of investment.." Click "Everything else" and Continue

Follow the screens to enter the investment information. 

You will need to enter the date and value when it was inherited or purchased. 

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