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Accounting for PermRock Royalty Trust
I use Etrade as a brokerage. When I accessed Etrade to get 2020 tax year info automatically in Turbo Tax Premier 2020, it correctly picked up the fact that I had purchased and then sold PermRock Royalty Trust during 2020. But when doing a Smart Check there were about 10 questions that Turbo Tax needed answers to about PermRock Royalty Trust. It was treating it as a sole proprietorship and myself as the owner and was asking questions that do not make sense to me as just a buyer and seller of PRT.
What do I need to do to make Turbo Tax happy in this regards ?
‎February 21, 2021
9:47 AM