Question

Form 1099-Misc

Forum|Forum|6 years ago
May 12, 2020
1 reply
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I received $25.00 as a royalty from a natural gas company located in Oklahoma. I inherited 1/3 of my dad's share and share with thousands of other people. I have no dealings with this property other than getting a little check once in awhile. It is not my business. I am a retired teacher. I have no idea how to answer all the questions. I will be taking the standard deduction this year. Please help me so I can finish my taxes. My State isn't giving me as much time as the IRS.

Kat11_2

Employee

You will need to use Premier Edition (at a minimum) to properly report this income. I'm linking below a TurboTax FAQ that explains how to enter royalty income. Follow the instructions, and please post back if you have further questions.

How do I enter a 1099-MISC for royalty income?

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