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Yes - You can report the residuals as Miscellaneous Income, using these steps:
Thank you for posting this question, I am hoping Irene2805 replies again!, My husband was an actor and passed away 10/2018. This year, I kept getting errors when all his residual and royalty income was under a business expense, so I moved it following your instructions to less common income. But now I have different errors on the Miscellaneous Income 1099 form: For Royalties I have to pick either Schedule C or E??? Or Residuals in Box 3 I have to pick either C or F???
I so appreciate your help!! Thanks, Connie
Enter these details from Form 1099-MISC.
From the left menu, select Federal>
Wages & Income>scroll down and click Add more income>
Other common income click Show more>
Form 1099-MISC click Start or Revisit
Be sure to remove the entries from the Less Common Income section
These steps will properly capture the income when entered exactly as you received it.
Click on this article about Inherited Income Reporting and How do enter a 1099-MISC for royalty income? for additional references.
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