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February 15, 2025
Question

I get gas royalties from three different companies. How do I separate them to show as property A, B and C on schedule E. Do I have to show them as separate properties

  • February 15, 2025
  • 1 reply
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I have 3 1099-misc forms for the same property.

    1 reply

    PatriciaV
    Employee
    February 15, 2025

    Yes, set up three different properties under the Rental Properties and Royalties section of Wages & Income. Be sure to indicate these are royalty properties and use a unique nickname for each one. Then enter the related Form 1099-MISC for each property. (To avoid duplication, do not enter the 1099's under the 1099 topic.)

     

    Additional information: How to Enter 1099 Royalty Income & Expenses

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