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Business & farm
I split royalties with my sister. On schedule E under Expenses on line 19 (Other) I usually put PAID TO SHAREHOLDERS and list the amount paid to my sister. Which carries to line 20 and 23e, but turbo tax ends at line 18, which forces me to pay tax on the whole amount rather than the amount I actually end up with.
‎February 20, 2024
5:29 PM