Investors & landlords

If they do not carry to the Schedule E, I suggest you go directly to enter the royalties on your tax return and keep the K1 in your files. This will eliminate your issue.

To enter your royalties in TurboTax Desktop or TurboTax Online use the following steps

1. Search (upper right) > type royalties > Click the  Jump to... link
2. Continue to answer the questions > Select to 'Add Another Rental or Royalty'  > Select 'Royalty property or payment'
3. Continue to enter your royalties and any expenses if applicable.
4. See the image below for assistance.

@knbecker83