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Why is there a Schedule E Worksheet that indicates I own property that generates royalties when I don't?
For my personal taxes, I get a K-1 from my S Corp to report my ordinary business income. My issue is that, for some reason, Turbo Tax also thinks I have royalties from property I own, but I don't own any property that would be reported on K-1. (The only property I own is my house.) There is a Sch E Worksheet that states "Property Description: From Schedule K-1" and then Property Type: 6, and the property Location lists the address of my S Corp (which is a UPS store PO box). This form was also on Turbo Tax when I did my 2023 taxes but I never noticed that before. How do I get rid of this information?
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‎February 16, 2025
4:58 PM