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georgefisher35
October 3, 2019
Question

oil stock royalties

  • October 3, 2019
  • 2 replies
  • 0 views

We received a small amount from a stock investment in a company involved in oil. It was reported thru our broker as a royalty rather than dividends. How do I handle it?

2 replies

A
Anonymous_
Employee
October 3, 2019
@georgefisher35 wrote:

We received a small amount from a stock investment in a company involved in oil. It was reported thru our broker as a royalty rather than dividends. How do I handle it?

If it is reported in Box 2 of Form 1099-MISC, look in the Other Common Income section and click the Start (or Update) button to the right of Income from Form 1099-MISC.

    R
    Robert Moses
    March 20, 2020

    Received a small amount for oil stock royality from investment in company outside the United States. I am not in this business. How do I report it

    DMarkM1
    DMarkM1
    March 22, 2020

    You should enter royalty information that is not related to a business on Schedule E.  

     

    1.  Click "Income & Expenses" a the top of the page

    2.  Scroll down to "Rentals, Royalties, and Farm"

    3.  Click "Show More"

    4.  Find "Rental Properties and Royalties (Sch E) "

    5.  "Start/Revisit" that topic

     

    Here is a link with more information if you need.  

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