I have entered my 1099 misc forms that I received from royalty payments correctly. However, they are not being posted as income. The line that should show their income displays 0.
Any ideas. I called in for assistance and it was useless.
Thank you.
In TurboTax Online, income from Form 1099-MISC that reports royalties will be included in the total shown for the Rental Properties and Royalties (Sch E) line on the Income and Expense screen.
If you entered 1099-MISC income that was not related to a business or rental property, there would be a separate line on the summary page.
These were royalties from Mineral Rights my family owns. I received a 1099-Misc for each one. I entered them into the proper place, but still see nothing in any other lines. I have always entered these and other Royalties in the 1099Misc area and it has always shown the income properly.
Thank you for your assistance.
I'm not sure where you are looking for the royalty income but it should appear on line 4 of schedule E and the total of your income reported on schedule E would show on Schedule 1 of your form 1040 on line 5. You may not see the income on schedule 1 as it may be combined with income or losses from other income or losses reported on schedule E. Can you clarify if you can see the schedule E and the royalty income does not appear on that schedule?