WHY DOES MY 1099-MISC FORM NOT HAVE A LINE #2 TO REPORT ROYALTIES?

bjasfv · ‎June 6, 2019

DO I JUST PUT IT IN LINE 3 AS OTHER INCOME? THE FORM ON DELUXE IS INCOMPLETE

TeresaM · ‎June 6, 2019

Royalty income from a business go to a Schedule C , although other types of royalties go to a Schedule E. Here are the directions to open the path to enter your royalty 1099-MISC. There will be questions after entry that will help determine whether it belongs on Schedule C or Schedule E.

Sign in to your TurboTax account.
Select Take me to my return.
Type " 1099misc " in the Search box, in the upper right-hand, with the magnifying glass
Click on the blue " Jump to 1099misc "link
This will take you to the 1099-MISC entry screen with a box 2 available
There will be questions after the entry that will direct the information to the Schedule C or Schedule E

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

View solution in original post

TeresaM · ‎June 6, 2019

Royalty income from a business go to a Schedule C , although other types of royalties go to a Schedule E. Here are the directions to open the path to enter your royalty 1099-MISC. There will be questions after entry that will help determine whether it belongs on Schedule C or Schedule E.

Sign in to your TurboTax account.
Select Take me to my return.
Type " 1099misc " in the Search box, in the upper right-hand, with the magnifying glass
Click on the blue " Jump to 1099misc "link
This will take you to the 1099-MISC entry screen with a box 2 available
There will be questions after the entry that will direct the information to the Schedule C or Schedule E

**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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WHY DOES MY 1099-MISC FORM NOT HAVE A LINE #2 TO REPORT ROYALTIES?