A K-1 for royalties? Are you absolutely sure on that? Generally, royalty income will be reported to you on a 1099-MISC with the income reported in box 2 of that form. Why are you expecting this to be on a K-1? It also matters what kind of K-1. 1065 K-1? 1120-S K-1? 1120 K-1? 1041 K-1?
