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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
‎June 6, 2019
12:27 AM