1099 Misc

mitchrholliday · ‎March 19, 2022

How do I report Marcellus Gas Royalties on my return? TurboTax keeps asking me to complete Schedule C but I don't actually have a business.

PattiF · ‎March 19, 2022

Royalties are reported on Box 2 of the 1099-MISC. If there is a number in Box 3, this would cause a Schedule C to be included in your tax return. Verify that they are reported in Box 2 and that they were entered correctly in the return.

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PattiF · ‎March 19, 2022

Royalties are reported on Box 2 of the 1099-MISC. If there is a number in Box 3, this would cause a Schedule C to be included in your tax return. Verify that they are reported in Box 2 and that they were entered correctly in the return.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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