Royalties on my wife's grandfathers property

[HelenaC]

To enter royalty income, follow these instructions:

1.    With your return open in TurboTax, type royalty income in the search bar and click search.

2.    Click on Jump to royalty income.

3.    On the Income from Rentals or Royalty Property You Own, answer Yes

4.    On the next screen, check None of the above.

5.    On the Is This a Rental Property or Royalty? screen, check Royalty property or payment. Enter the information.

6.    Continue with the onscreen interview until complete.

• Investment income from property you own is for natural resources extracted from your property by a third party who leases your property. It also includes royalties from intellectual property if you didn't create the intellectual property yourself. This will go on Schedule E.

Related information: 

• How do I enter a 1099-MISC for royalty income?
• What is Schedule E?