# How to enter 1099 for less than $200
**URL:** https://www.mineralrightsforum.com/t/how-to-enter-1099-for-less-than-200/60777
**Category:** Accounting and Taxes
**Created:** [February 23, 2021, 12:18am UTC](https://www.mineralrightsforum.com/t/how-to-enter-1099-for-less-than-200/60777 "2021-02-23T00:18:31Z")
**Posts on this page:** 3
**Page:** 1
### Author:  [@LisaShepherd](https://www.mineralrightsforum.com/u/LisaShepherd)
#### Post date: [February 23, 2021, 12:18am UTC](https://www.mineralrightsforum.com/t/how-to-enter-1099-for-less-than-200/60777/1 "2021-02-23T00:18:31Z")
We inherited royalty interests and are filing taxes for the first time including the income received per 1099-MISC. We only received $154 (net). How do I account for this? I use TurboTax and per their advice, entered on Schedule C. My Federal return was accepted, but my return was rejected by State of California. I’ve already paid an additional $90 to TurboTax for the additional forms that include Schedule C… this is costing me more to report than we received!
---
### Author:  [@TennisDaze](https://www.mineralrightsforum.com/u/TennisDaze)
#### Post date: [February 23, 2021, 5:09am UTC](https://www.mineralrightsforum.com/t/how-to-enter-1099-for-less-than-200/60777/2 "2021-02-23T05:09:29Z")
Royalty income is reported on Schedule E of your federal tax return. Gross royalties on Line 4 and expenses such as property taxes and costs deducted by oil company (severance tax, transportation, gathering, etc.) below. Percentage depletion is calculated on gross royalties. Schedule C is for oil and gas working interest income which is classified as earned income and subject to self-employment tax. California will have its own tax rules and may have a different percentage depletion rate.
---
### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [May 24, 2021, 12:18am UTC](https://www.mineralrightsforum.com/t/how-to-enter-1099-for-less-than-200/60777/3 "2021-05-24T00:18:51Z")
This topic was automatically closed after 90 days. New replies are no longer allowed.