The Royalty Income on Form 1099-Misc should be reported on SCHEDULE E - Supplemental Income and Loss .
To enter the royalties, you should:
- Go to Income & Expenses at the top of the screen
- Find Rental Properties and Royalties (Sch E) Schedule E, Copy 1
- Select Start to the right of the line and answer the questions asked.
You will be able to enter the production taxes and other deductions on the Schedule E,
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