ThomasM125
Employee Tax Expert

Business & farm

Royalty income would be reported on a separate schedule E. You may have one being pulled over from the previous year, or you may have royalty income reported on a K-1 form, that then needs a schedule E.

 

I suggest you look for the schedule E in your list of forms and schedules in your program and delete it. If it comes from a K-1 entry, after you delete it, it will just re-populate itself. In that case, you need to go back through the K-1 entries to find the royalty income (box 7 on partnership K-1) and make sure you answered the questions correctly on the K-1 entry.

 

You can delete a form in TurboTax as follows:

 

1. Find the Tax Tools option on your left menu bar and click on it

2. Click on Tools

3. Find Delete a Form and click on it

4. Look for the Sch E in the list of forms and click on the option to delete it

 

Just make sure you don't delete the wrong schedule E, if you have more than one of them!

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"