GeoffreyG
New Member

Investors & landlords

That shouldn't be a problem that prevents you from accurately completing your tax return; and we have an easy remedy for you.

The best "solution" to this situation is to simply re-enter the address of the General Partner, or the royalty site operator (that is, of the company overseeing the production of the underlying royalty income).  Or you can just use the address of the financial institution that sent you the royalty income document in the first place.  Any of these options will be acceptable to the IRS, and also for filling out Form 1040 Schedule E (i.e., royalty income).

In fact, where someone has royalty income from multiple wells or mines, and they are all operated by the same management company, then they usually have no choice but to enter a single address to "consolidate" all of the individual wells or mines together . . . and in this instance it's somewhat traditional to use the address of the extracting company's headquarters facility, rather than trying to list many different map, geographical coordinates, or street address simultaneously or together, all on the same Schedule E.

Thank you for asking this important question.