PatriciaV
Expert Alumni

Get your taxes done using TurboTax

Instead of entering this under Real Estate, you can manually enter the net royalty income using Forms Mode.

 

  1. Click the Forms icon in the TurboTax header.
  2. Open Form 1065 p5-6.
  3. On Line 7, enter the net royalty income in the yellow box under "Direct Entry."
  4. This income will be allocated to the partners on Schedule K-1 Line 7.
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