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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.
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‎June 6, 2019
1:22 AM