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Turbo tax not handling rental and royalty properties correctly
Sorry. It is nearly impossible to find posts I previously made on this topic. I'm sure when I logged in during the glorious past, my posts were at my fingertips. So I am starting from scratch after doing multiple deletes and re-entry of data to determine this is what TurboTax is messing up. When I enter a 1099-Misc for a rental and a 1099-Misc royalty for a different property name, Turbo Tax acknowledges the two separate properties in two separate worksheets. But it creates one Schedule E, with only one property (A) listed. The incomes are properly listed in the columns for property A (rental) and property B (royalties) but the property description for property B is not present and gives the appearance of all the revenue coming from the same place. It looks like it did the same thing in 2023. I will again file with the inaccurate schedule E, and wouldn't bother the community, except that, at times, Turbo Tax seems to believe that Rentals and Royalties cannot be reported on the same schedule E.
‎February 3, 2025
3:12 PM