SensibleandHour ly
Level 8
02-02-2022
10:34 AM
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Thank you everyone! The form is a 1099-Misc, royalties received 168.00. But there is also a box for Prod/Tax of 42.00. I did find a way to add that to Schedule E because it reduces the income, plus an acknowledgment of depreciation of 15% as well. Net income of 101. After studying the prior tax returns and a bit of research, I think I have it correct. Much work for that 1099. 😉
Sure do appreciate this community!!!!