Why did Turbo Tax not auto fill the depletion on Schedule E this year? I am a royalty owner if that makes a difference?

BAWS · ‎June 6, 2019

MarilynG · ‎June 6, 2019

Yes, you are correct that TurboTax automatically calculates Depletion when you enter your 1099-Misc for Royalty Income.

You can enter it yourself, however. The amount is 15% of your Royalty Income.

Here's more info:

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MarilynG · ‎June 6, 2019

Yes, you are correct that TurboTax automatically calculates Depletion when you enter your 1099-Misc for Royalty Income.

You can enter it yourself, however. The amount is 15% of your Royalty Income.

Here's more info:

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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