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Topic: Form 1099-MISC - Box 2 Royalties

To enter or review the information for Form 1099-MISC, Box 2 Royalties:

From within your TaxACT return (Online or Desktop), click on the Federal Q&A tab
Click Form 1099-MISC to expand the category and then click 2-Royalties
The program will proceed with the interview questions for you to enter or review the appropriate information

Income reported in Box 2 is generally reported on Schedule E; however, if you are in the business as a self-employed writer, inventor, artist, etc., report your royalty income and expenses on Schedule C.

If you also have federal and/or state tax withholding reported in Box 4 or 16, see Form 1099-MISC - Box 4 or Box 16.

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