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.