Oil & Gas Royalty Lease $ - reported as Rental Income; coded as "6" Royalty and properly entered in Turbo Tax produces the error message on Line 3 of Schedule E:
"Income from rental real estate {This is NOT rental real estate it is rental lease on Oil and Gas Royalties} and income from royalties must be reported as separate properties on Schedule E."
I have used Turbo Tax for many, many years and I have always reported it this way. It has never before been an issue. It is property Linked to the appropriate Oil and Gas property. Does your program no longer support income from Oil and Gas Leases? Do you have a fix in place now or soon? Thank you.
