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jmit01
New Member

Where are "other taxes" entered from a 1099-MISC ? Specifically, there are amounts on the form listed as "Prod. taxes" and also "Sev./Prod. taxes"

The income on my 1099-MISC is from mineral royalties.  I assume the "Prod. tax" is a tax related to production costs, but not sure about the "Sev./Prod. tax"

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Accepted Solutions
PatriciaV
Employee Tax Expert

Where are "other taxes" entered from a 1099-MISC ? Specifically, there are amounts on the form listed as "Prod. taxes" and also "Sev./Prod. taxes"

YesRoyalty Income and Deductions are reported on Schedule E (Rental Properties & Royalties), including production taxes, property taxes, and other deductions from your royalty income.

To easily find this area of TurboTax, use the Search box at the top right corner of the TurboTax header and enter "royalties". Click on the "jump to royalties" link to be taken directly to this area of the program. 

Follow the interview process to enter your Royalty Property, along with income reported on Form 1099-MISC and any property taxes you paid. "Other deductions" reported on Form 1099-MISC (example: production taxes), are entered under "More Expenses" in the extended interview. See the screenshot below for an example of a 1099-MISC entry for gas royalties.

If TurboTax prompts you to enter an address for the property, use the actual address if you know it (look on the property tax bill if you have one). Or use your own address. The IRS instructions say address lines 1 and 2 should be left blank, but sometimes the program won't let you continue without an address.

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1 Reply
PatriciaV
Employee Tax Expert

Where are "other taxes" entered from a 1099-MISC ? Specifically, there are amounts on the form listed as "Prod. taxes" and also "Sev./Prod. taxes"

YesRoyalty Income and Deductions are reported on Schedule E (Rental Properties & Royalties), including production taxes, property taxes, and other deductions from your royalty income.

To easily find this area of TurboTax, use the Search box at the top right corner of the TurboTax header and enter "royalties". Click on the "jump to royalties" link to be taken directly to this area of the program. 

Follow the interview process to enter your Royalty Property, along with income reported on Form 1099-MISC and any property taxes you paid. "Other deductions" reported on Form 1099-MISC (example: production taxes), are entered under "More Expenses" in the extended interview. See the screenshot below for an example of a 1099-MISC entry for gas royalties.

If TurboTax prompts you to enter an address for the property, use the actual address if you know it (look on the property tax bill if you have one). Or use your own address. The IRS instructions say address lines 1 and 2 should be left blank, but sometimes the program won't let you continue without an address.

View solution in original post

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