Skip to main content
April 8, 2023
Question

What can i do to file electronically when software tells me that royalties and rental income must be reported separately on schedule e, but i have no royalties

  • April 8, 2023
  • 1 reply
  • 0 views
No text available

1 reply

April 10, 2023

If you receive a K1 from a business (form1120-S) or partnership (form 1065) and it has income in both box 1 and box 2 then you need to create a second K-1 and put the amount from either box 1 or box 2 on that K-1.  Then you can enter all of the rest of the numbers from the K-1 onto the form where they go.

 

@zakhariy_ratner 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"