K-1(Form 1065) on line 7, royalties is $0, but Turbo says I should link to Schedule E worksheet, but there's no address to fill out since no rental properties. I filled out K-1 since I have partner's share income of Brookfield Partners.
02705
2 Replies
Anonymous
Not applicable
May 8, 2020 1:11:04 PM
leave line 7 blank. if it is 0
if there are no royalty expenses on line 13I
and no footnote on line 20 to depletion do not link
address is not needed for location use Royalties
Carl
Level 15
May 9, 2020 6:10:15 AM
For royalty income, an address is not required. But if you want, you can use any address you like, such as the address of the issuer of the K-1, or the business mailing address, or even your own home address if you like.