Royalties on 1099Misc from an invest but is forcing me to choose "Investment income from property you own" and "Royalty income from your business..." Another option?

vanbars · ‎February 22, 2023

Neither option applies, but cannot get system to accept any other option.

ThomasM125 · ‎February 22, 2023

I'm not sure if it would make a difference which option you choose or if you wanted another option to report your royalty income. The royalties will be reported on schedule E and the only option there to describe them is to say they are royalties. Also, if they are reported in box 2 on form 1099-MISC, then they will be considered royalties by the IRS and should be reported on schedule E. Here is what they look like on Schedule E, Supplemental Income and Loss:

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Royalties on 1099Misc from an invest but is forcing me to choose "Investment income from property you own" and "Royalty income from your business..." Another option?