@ Tony007 wrote:
I am prevented from e-filing because the program asks for royalty income when my K-1 clearly says zero. This should be a simple fix but they can't seem to get it fixed Any way around this problem?
By "royalty income" are you referring to mineral royalty; i.e., investment royalty? That's what I'll assume in my comments below.
"they can't seem to get it fixed."
Does that mean you have already been talking to TurboTax Support about this issue?
So you have no royalty income at all on any form?
And the program is alerting to something on your K-1 as opposed to a 1099-MISC? How does the program even know to ask you about royalty income in the Sched K-1 section? Did you do anything re: royalty in another topic; i.e., in the dedicated Royalty Income section? Do you have any other royalty outside the K-1 reported in the 1099-MISC royalty section?
Something may be generating a Schedule E, Part 1 in regard to royalty. Are you using desktop software? If so, go into Forms Mode, and look at the entries for the Schedule K and the Schedule E (Part 1) worksheet (if present) to see if you can spot the problem. NOTE: It would be normal to have a Sch E, Part II with a K-1, but see if anything happened to also generate a Part I (which is where investment royalty is reported.) Or do you also have rental property on Sched E, Part I?
I'm a fellow user--not a TurboTax employee, so I'm just trying to think of things I might try myself if I were in that predicament.
If you can't figure out any problem by looking at the actual forms and worksheets mentioned above, instead of entering "0" have you tried just leaving that box blank?
Or is it trying to force "something" in that box?
What happens if you enter a penny (like 0.01) and let the program round it to zero?
