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I received a 1099 misc income from Ameritrade. I item is a royalty trust security. There are no options for entering this info. How do I enter?

 
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3 Replies
ThomasM125
Expert Alumni

I received a 1099 misc income from Ameritrade. I item is a royalty trust security. There are no options for entering this info. How do I enter?

What box is it listed in on the form? Royalties are normally listed in box 2. If so, enter it as such in TurboTax.

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Carl
Level 15

I received a 1099 misc income from Ameritrade. I item is a royalty trust security. There are no options for entering this info. How do I enter?

If the income is reported in box 2, then enter it under the Personal Income tab  in Business Items ->> Rental & Royalty Income (SCH E).

Pat attention to detail, as "rental" is selected by default. Change it to "Royalty".

 

I received a 1099 misc income from Ameritrade. I item is a royalty trust security. There are no options for entering this info. How do I enter?

That's the problem.  It then gives me these 2 options.  Neither of these apply to my situation.  As I said, it is a traded security on the stock exchange.  

 

Investment income from property you own

 Royalty income from your business, including artist royalties or operating a natural resources business (Schedule C)

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