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DTH61
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I received a 1099-Misc OMB No. 1545-0115 for royalties. However, I cannot find a place to put the amount for Prod./Taxes that was deducted from my royalties.

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2 Replies

I received a 1099-Misc OMB No. 1545-0115 for royalties. However, I cannot find a place to put the amount for Prod./Taxes that was deducted from my royalties.

When you are entering your information in the section of the TurboTax program for Rental and Royalties you will be asked if you received a Form 1099-MISC.

Enter the Form 1099-MISC as received.  The form has the amount of federal taxes withheld, if any, in box 4 of the form.  The taxes withheld will be entered on your tax return, Form 1040 on Line 25b

DTH61
New Member

I received a 1099-Misc OMB No. 1545-0115 for royalties. However, I cannot find a place to put the amount for Prod./Taxes that was deducted from my royalties.

Correct but where do I enter Deduction from revenue (i.e. Production Taxes, State withholding)?

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