received 1099-misc equal to the distributions I received - $970.
isn't this $970 already included in $1,019.26?
Yes, you are double reporting. Ignore the 1099-MISC. It will be revised later anyway.
yes, see my response in your other thread.
I WILL ENTER 1099-MISC WITH ROYALTY INCOME $970 TO MATCH WHAT IS REPORTED TO IRS.
AND THEN WHEN I'LL BE ENTERING ROYALTY INCOME - I'LL ENTER 1019.26-970=$49.26.
TURBOTAX WILL ADD IT UP.