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D
dreimann22
April 9, 2020
Question

I enter the income from a K-1 for royalty income, but it doesn't show up in my summary of income.

  • April 9, 2020
  • 1 reply
  • 0 views
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1 reply

M
mglauner
April 9, 2020

Royalty Income is reported on Schedule E in your tax return, and is considered Investment Income, rather than Wages. 

 

This income (or loss)  is reported on  Form 1040, Schedule 1, Line 5.

 

 

 

 

 

 

 

 

 

 

 

D
dreimann22Author
April 9, 2020

Thanks for trying. I am aware it is supposed to end up on Schedule E, but it always shows $0 instead of the amount I enter from the K-1. I may have a problem with the program.

 

K
knbecker83
March 20, 2023

did you ever figure this out? My K-1 royalties are also showing up at $0 on my 1040 when entered in through the program. Can't figure out why.

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