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Investors & landlords
John,
Thank you very much for your reply.
I downloaded the program. I'm not using the online version.
I deleted all 1099-MISC forms associated with royalty income.
I went to Federal Taxes, Wages & Income, Rental Properties and Royalties and followed the Update procedure
I went to Property Profile for the rental home. "Royalty property or payment" is selected. I changed it to Rental Property and continued through the forms.
I reach a screen that states, "What type of Royalty Income? It seems I can't change the asset from a royalty to a rental property.
I'm stumped.
March 28, 2023
4:45 PM