Royalty income from your business, including artist royalties, go to a Schedule C, although other types of royalties, for property, do go to a Schedule E. Here are directions to enter your royalty Form 1099-MISC in the Schedule C business section of your return.
Click on Wages and Income on the left menu bar
Scroll down to Self-Employment and click on Show More
Click Start or Revisit for Self-employment income and expenses
Enter general information for your business
Under the Income section, click on the Add income for this work button
Select Form 1099-MISC
Enter the Royalties which are usually in Box 2
TurboTax Expert Assist
Get answers to all your tax questions
Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.