My ex and I jointly own a patent and we each get paid half of the royalty. I'm filing Single. Why does TurboTax call it an error when I select Owned jointly on the Schedule E Worksheet? Doesn't seem to make a difference either way to the bottom line but technically shouldn't it be selected to indicate why I'm only claiming part of the income?
Along with Unchecking the joint option I would also keep some relevant documentation in the absence of a 1099 or K1, in case I get questioned by the IRS on such reporting, if I were you, off course 😊.
