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April 11, 2025
Question

How do I edit Schedule # Copy 1 so that turbo tax accepts the rental and royalty properties as being "on different columns"

  • April 11, 2025
  • 1 reply
  • 0 views
I meant to say Schedule E in the title. Basically I am unable to edit the issue that turbotax keeps showing me which means I can't file online.

    1 reply

    PatriciaV
    Employee
    April 14, 2025

    Unfortunately, you can't report both rental income and royalty income under the same property on Schedule E.

     

    Review the entries for the Royalty Property that received income on Form 1099-MISC. Be sure you checked the box for "Royalty" in the Property Profile section.

     

    After you've completed this review, add or edit the rental property. You can keep the same address but enter a different property description and be sure to mark this as "Rental". 

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