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posted Jun 6, 2019 5:58:08 AM

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

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

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1 Best answer
Expert Alumni
Jun 6, 2019 5:58:10 AM

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

1 Replies
Expert Alumni
Jun 6, 2019 5:58:10 AM

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