K 1 has rental income box 2, royalties box 7 and other income box 11.
TT states that I need 2 separate properties for the rental income and royalties. The income is from the same farm & location. The income is from wind farm payments. They broke the payment into rental income and royalties.
K 1 has rental income box 2, royalties box 7 and other income box 11.
Yes. If you have rental income, Box 1 Form 1099-Misc, it belongs in the rental section. The royalties are entered in the royalty section. Each entry has it's own way to categorize the income.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.