Is this correct? I got $233 in royalties for a gas well, but it only shows $22 in my review of income.
It sounds like there might be an issue with how the royalty income is being reported. Here are a few things to check to ensure the royalty income is reported correctly:
Log into TurboTax and navigate to the Income section.
Locate the 1099-MISC Form:
Click on the pencil icon next to the 1099-MISC form.
Make sure Box 2 (Royalties) has the correct amount of $233 entered.
Proceed Through the Questions:
Follow the prompts to answer any additional questions related to your 1099-MISC form.
Check for Errors:
If the issue persists, go back to the 1099-MISC section.
Click the Trash Can icon next to the 1099-MISC form to delete it.
Re-enter the information carefully, ensuring all details are correct.