3628890

How do I enter deductions from Royalties on 1099-MISC for Oil and Gas lease?

posted

Connect with an expert

1 Reply

How do I enter deductions from Royalties on 1099-MISC for Oil and Gas lease?

To report the royalties you received on Form 1099-MISC for the Oil and Gas lease:

Go to search and type rentals or royalties
Click the Jump to link
Be sure you checked the box for "Royalty" in the Property Profile section
You can report your expenses under the Rental Property

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post