I have received a 1099-MISC from an oil company that I receive royalties from. However, I do not own the property and I am not self employed. This has been passed down through the family. Not sure how to report that as everything in Schedule C and E require a business names/IDs. The only box filled out is Box 2.
You'll need to sign in or create an account to connect with an expert.
You don't need a business name or ID to report your 1099-MISC with royalty income in box 2.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
saalves2424
New Member
pwash
New Member
lnk-fr
Level 2
sciccone002
New Member
dionne_materioli
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.