You'll need to sign in or create an account to connect with an expert.
Any royalties are reported in the same area as rental income. Please be sure the gas royalties are reported in the correct section by following these steps:
Be sure to delete the other entry for Form 1099-K.
By reporting the gas royalties in this section, the error will be cleared. Any ordinary and necessary related expenses will be deductible this way, too.
If you look at the history on my case you will see that several of your experts have been screen-sharing with me and have tried this only to find that Turbotax will not allow the information to be deleted with the trash can icon and when going to the tax center, etc there is no 1099K at all. It just keeps looping back with no change. The expert yesterday apologized profusely saying that the system was not working but found no solution. When I said that I guess I would just have to start all over with a different tax software company even though I have used TurboTax for years she apologized again and agreed. She was very sweet and polite but not at alll helpful. So frustrating and my confidence in TurboTax is gone. Sad.
It appears that while the original entry can be located, it cannot be deleted no matter what you do. We are so happy that you have relied on TurboTax for years and want you to stay.
Due to the difficulties being experienced, use a PC with Windows 10, and a Chrome incognito browser for TurboTax Online to be sure your program is fully up to date.
Correcting Form 1099-K will depend on where it was initially entered and why.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
lac528
Level 2
Audio82
New Member
NeedHelp619
Level 1
jaw2565
New Member
tmorton884
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.