130628
You'll need to sign in or create an account to connect with an expert.
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.
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!
@butch48
Expenses for Royalty Properties (like production taxes) are reported on Schedule E under Rental Properties & Royalties from the Income section of TurboTax.
Please see this post for specific instructions: How to Enter 1099 Royalty Income & Expenses
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
jjpmit
New Member
anavrinhaze
New Member
dawilliams
New Member
trishadphillips
New Member
superman23
Level 3