This income is considered an inherited investment, the income from it is taxable to you.
To enter the Income:
- Log in to your return.
- Click on Federal Taxes.
- Click on Income & Expenses.
- Scroll to Other Common Income.
- Click the Start button beside Form 1099-MISC.
- Follow the onscreen instructions.
Royalty income you receive as a result of your deceased spouse's work is reported on Schedule E.
Take a look at the following TurboTax article for information and instructions to enter your royalty income:
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