BAWS
Level 1

Investors & landlords

From what I saw when I was preparing my taxes it required the Premier or above to prepare the Schedule E for oil royalties, etc.; however last year Turbo Tax Premier automatically figured and added depletion on the E form and they did not this year (not sure why).  I had to ask a question and found that I would have to list it manually (15% of royalty income on Line 18).  I hope this helps. 

Barbara