To enter your Royalty income,
- Choose the Federal return in the left bar,
then select the tab for Wages & Income
- Scroll down to Rentals, Royalties, and Farm and Show more
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Start/Revisit Rental Properties and Royalties (Sch E)
- Say Yes to Income from Rentals or Royalty Property You Own
- Select the appropriate answer to So far You're not a Real Estate Professional and Continue
- On the next page, Edit your Royalty or Add Another Rental or Royalty
- On the Property Profile page, Is This a Rental Property or Royalty?, select the radio button for Royalty property or payment and complete the interview.
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