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jpowell5405
March 30, 2025
Question

Oil royalties schedule E

  • March 30, 2025
  • 1 reply
  • 0 views

I have a royalty check each month from a family lease. It’s only about $100 per month. I do not get any rent, only a check for the oil… schedule E doesn’t like it when I put in 0 for the rent… what should I do? 

    1 reply

    PatriciaV
    PatriciaV
    Employee
    March 31, 2025

    If you're entering income for a royalty property, leave the rent box blank. Enter only Royalties.

     

    For more info, see: How do I enter a 1099-MISC for royalty income?

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