Supplemental income vs. profit or loss

[Kadyjean]

I received $168 in royalties  from an oil well that was on my grandma's property in North Dakota.  All of her grandchildren (who live all over the country) received the same amount. Turbo tax wants me to do a schedule C but I have no idea how to answer questions about this "business" like the state of the tax.  I am baffled.

[GiseleD]

Here's how to enter this income:

• Search for Royalty and then click the "Jump to" link in the search result.
• Answer Yes to the question Did you have any rental or royalty income and expenses?
• Follow the on-screen instructions as you proceed through the royalties section.

The original post can be found here.