1099 MISC Schedule E unable to enter 0 for royalty income

Forum|Forum|5 years ago
February 10, 2021
3 replies
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Before I am able to submit my 2020 return the system indicates I need to enter a value for my "Royalty income from form 1099-Misc" This is per Schedule E worksheet line 4-1099 misc. While I do have a rental with the rental income listed correctly on line 3, my royalty income is 0 per my provided 1099 misc from my management company. Thus I am stuck, I have no royalty income but the system won't let me say I have 0 royalty income.

TurboTax Premier Online

Carl11_2

Employee

Delete the 1099-MISC and re-enter it anew. Leave box 2 completely blank. Do not enter even so much as a space for block 2.

nickw11Author

That worked out, Thank you.

pasquinims

My problrm is that i have no rental income I have royalty income i am not sure what is wrong the worksheet is correct it just not accepting my answers

MaryM428

Use Chrome browser and clear browser data

Click the three dots in the upper right corner
Select Settings
Privacy and Security
Clear browser data for all time

Insert clear browser pic

Then sign in to TurboTax on the Chrome browser
Go to Tax Tools,
Tools, Delete a Form and delete your Schedule E and the 1099-MISC
Go to the program and enter the 1099-MISC again

Form 1099-MISC: Miscellaneous Income is completed and sent out by someone who has paid at least $10 in royalties.

insaneus99

THANK YOU SO MUCH @MaryM428! You saved my bacon with this post. I called in for help and spoke to 2 different agents who were unable to provide a workable solution and kept referring me to generic 1099-misc entry guides. Deleting the 1099-MISC forms related to my oil and gas royalty property and going back through the wizard got me past the looping correction errors and allowed me to e-file.

Adam