I have a box on my 1099-MISC labeled Production Taxes
There is not a number on this box, it is next to 15b, and has an amount in it. Where do I report it? Turbo does not give me a place for this.
135659
3 Replies
DawnC0
Intuit Alumni
May 31, 2019 11:23:06 PM
After you finish entering your 1099-MISC, you will be asked about or see a section called 'royalty expenses'. You can report these production taxes, as well as any other expenses related to this income in this section. Screenshot attached.
butch48
Level 2
Jan 22, 2022 4:36:49 PM
im trying to enter a personal 1099 misc with a prod tax and can not get to where it is entered. i have entered and reentered, deleted and all to no avail. thank you!
Expenses for Royalty Properties (like production taxes) are reported on Schedule E under Rental Properties & Royalties from the Income section of TurboTax.