captinjim
New Member

Can rent income and royalty income for the same property be reported on one Schedule E?

OK.  According to an answer for a similar question 2 years ago, the one property must be entered as two separate entities and a schedule E prepared for rents and another schedule E prepared for royalties.  For the same property!  Unless to comply with some IRS rule,  why is the software programmed this way?  A review of the questions indicates this creates much confusion and annoyance.  I you can't modify the software, at least clarify the situation on the "Learn More" pop-up for the Rental Properties and Properties income section.