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rebmmb
New Member

I received a 1099- misc (royalty) from a company that leases the mineral rights on my property. Turbotax questions don't seem to apply to my situation. What do I do?

 
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3 Replies
WillK
Intuit Alumni

I received a 1099- misc (royalty) from a company that leases the mineral rights on my property. Turbotax questions don't seem to apply to my situation. What do I do?

Turbo Tax has an excellent FAQ to help you enter in the royalty income: https://ttlc.intuit.com/replies/4792182

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FI60
Level 3

I received a 1099- misc (royalty) from a company that leases the mineral rights on my property. Turbotax questions don't seem to apply to my situation. What do I do?

You don't answer the question: you just link to the "excellent" (barebones - not at all excellent) FAQ. The FAQ explains only the easiest most basic bit of schedule e, then it leaves you to your own devices. Ridiculous. 

Carl
Level 15

I received a 1099- misc (royalty) from a company that leases the mineral rights on my property. Turbotax questions don't seem to apply to my situation. What do I do?

I see you're using the online version of Deluxe. I'm not sure, but I think you'll need at least the Premier version for this. All rental and royalty income is reported on SCH E. That would be under the Personal Income tab in the section titled "Rental and Royalty Income (SCH E)". When working through that section the defailt selection is "rental property" make sure you take action to change the selection to royalty income.

 

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