Thank you for your prompt response however, I do not understand your suggestion. I've used TurboTax for a number of years but an Oil & Gas Lease Bonus and Royalty is a new issue that I've not encountered in the past.
The (one and only) error I get when I do a TurboTax Review is: "Schedule E Worksheet (address): Line 3- 1099-misc -- income from rental real estate and income from royalties must be reported as separate properties on Schedule E."
The figure shown on the lease bonus Schedule E Worksheet Line 3 is red (presumably the cause of the error). This figure comes from a 1099-Misc that relates to a lease bonus payment made to us for signing a gas lease. The lease bonus and the royalty payments show up on Schedule E in Columns A (from 1099-Misc, Box 2 Royalties) and Column B (from a separate 1099-Misc, Box 1 Rents); so it appears that they ARE reported as separate properties on Schedule E (hence my confusion: What is causing this error?).
A related question is: Why do the "addresses" I entered on the two 1099-Misc forms NOT automatically populate into Schedule E Line 1a (A) and (B) -- "Physical address of each property (street, city, state, ZIP code)"? For "Type of Property" (Schedule E Line 1b), both the royalty and rent (i.e., lease bonus) are 6 Royalties.
Any further assistance you can provide would be appreciated. Thanks.
