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Royalties on 1099 misc

There is Box 2 on my 1099 Misc screen. What is the best way to handle this?
1 Reply
Level 15

Royalties on 1099 misc

There is no best way really. There's only one way. That income is reported on SCH E as a part of your personal tax return. Under the Wages & Income (or Personal Income) tab scroll down to the Business Items section and elect to start/upate Rentals & Royalties Income (SCH E) and just work it through.

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