No royalty income for rental property on schedule E. How do I remove "zero" from line 4 to proceed with filing tax return?

Forum|Forum|6 years ago
June 8, 2019
2 replies
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Schedule E; Income, Section 4: Royalty Income from Schedule K-1. The entry is zero. Turbo indicates that: Income from rental real estate and income from Royalties must be reported as separate properties on schedule E. Do not have any Royalty Income from schedule k-1. How do I proceed to finish and file return?

TurboTax Premier Windows

Best answer by Stinkerbellkity

Go back to the Schedule k-1 and delete the zero and leave it blank. Go to Forms, click on the k-1 worksheet on the left to delete the zero.

StinkerbellkityAnswer

Employee

Go back to the Schedule k-1 and delete the zero and leave it blank. Go to Forms, click on the k-1 worksheet on the left to delete the zero.

rwj39333

Employee

Thus answer allowed me to delete a 0 and remove the error on Schedule for royalties, but that created an error on the K-1. had to put theo back on line 7 which then brought back the error on Schedule E.

bjrai12345

Ok, here is what you need to do, as I was going crazy too.

The Rental Income section must be "EMPTY". Remove/ Delete the 0 and the dot. The box must be completely clear. That's it.