This got me pretty close, however, if I enter our Royalties and expenses thru the real estate activity (yes I marked it 6-Royalties), the values come out on my K1 in box 2 - Net Real Estate Income instead of Box 7 - Royalties. My accountant has previously had the Royalties minus expenses listed on Box 7 of the K1. (If I switch up and list my income under Royalties but leave the expenses in the real estate section, it ultimately doesn't reduce my royalties on my K1.
