Why are royalties for book being treated like rental property? All selections and entries are correct. I even deleted and re-entered.

Forum|Forum|1 year ago
March 16, 2025
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TurboTax Online

MindyB

Book royalties belong on Schedule E if you did not have a business writing books.

There are two options for reporting book royalties, and depending on which option you choose, the income will be reported on a different schedule on your tax return. The first option, "natural resource or intellectual property" will flow to Schedule E, while the second option, "being self-employed as a writer, inventor, artist" will flow to Schedule C.

Here are the instructions for reporting How do I enter a 1099-MISC for royalty income?

lowrituhAuthor

Understood and thank you, but on schedule E it is asking for the rental property address and description and has the percent of the income in the rental property section instead of below in the royalty section. Seems like a technical glitch.

DoninGA

Employee

@lowrituh When you first start the Rental and Royalty section of the program one of the first screens asks you to select whether this is a rental or royalty property. Did you select Royalty?