My mom has $224 in oil and gas royalties on a 1099 MISC. How can I calculate depletion on Turbo Deluxe. I've never needed premier in past.

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If you're using the TurboTax Online version, royalties that are investment income and require the Premier version. TurboTax will ask about depletion when you enter the royalty income.

The TurboTax CD\Download version of Deluxe supports royalty income and allows you to enter the 1099-MISC form and depletion.

Related Information:

Where do I enter a 1099-MISC?
Where do I enter Schedule C?

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Pennsylvania Gas inherited gas rights royalties How do I depreciate it. When I did my Federal return it automatically did a depletion deduction what was that

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My mom has $224 in oil and gas royalties on a 1099 MISC. How can I calculate depletion on Turbo Deluxe. I've never needed premier in past.

My mom has $224 in oil and gas royalties on a 1099 MISC. How can I calculate depletion on Turbo Deluxe. I've never needed premier in past.

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My mom has $224 in oil and gas royalties on a 1099 MISC. How can I calculate depletion on Turbo Deluxe. I've never needed premier in past.

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My mom has $224 in oil and gas royalties on a 1099 MISC. How can I calculate depletion on Turbo Deluxe. I've never needed premier in past.

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