topic I received coal royalties as nominee &amp;amp; got a 1099Misc from the lessor for 100%. I sent 1099misc forms to the other owners. How do I report both the gross &amp;amp; net amounts? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-received-coal-royalties-as-nominee-amp-got-a-1099misc-from-the-lessor-for-100-i-sent-1099misc/01/656670#M28741 <P>I own about 5% of the property but receive a 1099misc for 100% of the royalties under my SSN because I am payment agent. &nbsp;I distribute the remaining 95% to the other owners and send them form 1099misc for their share. &nbsp;The IRS says I need to report both the gross number and show and an adjustment to get the net number that represents my share. &nbsp;How do I do this in TurboTax?</P> Thu, 06 Jun 2019 09:12:30 GMT mstookey 2019-06-06T09:12:30Z I received coal royalties as nominee &amp; got a 1099Misc from the lessor for 100%. I sent 1099misc forms to the other owners. How do I report both the gross &amp; net amounts? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-received-coal-royalties-as-nominee-amp-got-a-1099misc-from-the-lessor-for-100-i-sent-1099misc/01/656670#M28741 <P>I own about 5% of the property but receive a 1099misc for 100% of the royalties under my SSN because I am payment agent. &nbsp;I distribute the remaining 95% to the other owners and send them form 1099misc for their share. &nbsp;The IRS says I need to report both the gross number and show and an adjustment to get the net number that represents my share. &nbsp;How do I do this in TurboTax?</P> Thu, 06 Jun 2019 09:12:30 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-received-coal-royalties-as-nominee-amp-got-a-1099misc-from-the-lessor-for-100-i-sent-1099misc/01/656670#M28741 mstookey 2019-06-06T09:12:30Z Show the 100% of the 1099Misc for Royalties Income on you... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/show-the-100-of-the-1099misc-for-royalties-income-on-you/01/656683#M28742 <P>Show the 100% of the 1099Misc for Royalties Income on your return (as IRS matches these documents. &nbsp;Then take a deduction under "Other: expenses, &nbsp;and list that person's name(s) and dollar amount(s). &nbsp;</P> Thu, 06 Jun 2019 09:12:32 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/show-the-100-of-the-1099misc-for-royalties-income-on-you/01/656683#M28742 MichaelL1 2019-06-06T09:12:32Z