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To enter 1099-MISC income for royalties from book sales in TurboTax, please follow these steps:
- Click on Federal >
Wages & Income
- Scroll down to the Rentals, Royalties, and Farm section and click on the Start/Revisit box next to Rental Properties and Royalties (Sch E).
- On the Income from Rentals or Royalty Property You Own screen click Yes.
- If you haven't yet entered rentals or royalties, on the screen Is this a rental property or royalty? mark the radio button next to Royalty property or payment and fill in the rest of the information.
- On the screen, Does All the Income You Receive from [XX] Belong to you? mark the Yes button and click Continue. [All of the payment you received belongs to you.]
- Continue through the rest of the screens, entering the requested information.
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