turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Form 1099-MISC for Non-Business Royalty

I received a 1099-MISC for royalty from a book I authored and had published. I do not have a business, yet Turbo Tax seemingly requires me have a business to proceed. How can I deal with this?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DawnC
Employee Tax Expert

Form 1099-MISC for Non-Business Royalty

If you are not in the business you will report the income on Schedule E instead of Schedule C.  See AnnetteB's answer and instructions to report the royalty income on Schedule E.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

3 Replies
DawnC
Employee Tax Expert

Form 1099-MISC for Non-Business Royalty

If you are not in the business you will report the income on Schedule E instead of Schedule C.  See AnnetteB's answer and instructions to report the royalty income on Schedule E.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Form 1099-MISC for Non-Business Royalty

When entering information on Schedule C for reporting 1099 MISC royalty payments,  specifically for book publishing that is not a business, Line C of the form is for a Business name.  On Line C the form says "if no separate business name, leave blank".

Turbo Tax will not allow the form to be completed without an entry on Line C.

HOW IS THIS HANDLED???

 

 

 

DianeC958
Expert Alumni

Form 1099-MISC for Non-Business Royalty

Just enter your name.  I understand that it is not a separate business name, but by entering your name this will no longer will be an issue.

 

@Dockmaster

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question