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barbara-stokes
Returning Member

My 1099-Misc show both Royalties and Non-Employee Compensation. How do I report this and which Turbo Tax should I use? Thank you.

Although I have only one 1099-Misc, should I complete one entry for Royalties, then create a totally separate entry for Non-Employee Compensation?  The 1099-Misc shows a combine total.

5 Replies
Lisa995
Level 12

My 1099-Misc show both Royalties and Non-Employee Compensation. How do I report this and which Turbo Tax should I use? Thank you.

Just treat it as 2.  One will have the royalties the other will have the NEC.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
MichaelDC
New Member

My 1099-Misc show both Royalties and Non-Employee Compensation. How do I report this and which Turbo Tax should I use? Thank you.

You'll need TurboTax Self-Employed to take care of them both.
barbara-stokes
Returning Member

My 1099-Misc show both Royalties and Non-Employee Compensation. How do I report this and which Turbo Tax should I use? Thank you.

Okay.  Very Good.  Thank you Lisa995.
barbara-stokes
Returning Member

My 1099-Misc show both Royalties and Non-Employee Compensation. How do I report this and which Turbo Tax should I use? Thank you.

Much thanks TurboTaxMichaelDC.
MichaelDC
New Member

My 1099-Misc show both Royalties and Non-Employee Compensation. How do I report this and which Turbo Tax should I use? Thank you.

Enter the one 1099-MISC as if it's two - One as Box 2 for Royalties  and one as Box 7 Non-Employee Compensation. 

You'll need TurboTax Self-Employed to take care of them both.

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