- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to properly handle oil and gas royalties
I mistakenly assigned my (first ever) oil and gas royalty to the rental property sitting on the land, and eventually got an error message that I needed a separate Schedule E for the royalty. I did that, but TT still thinks that my rental is a royalty. The type shown on the worksheet for the rental property is '2' (duplex), but TT insists it is a royalty. How do I fix this?
March 4, 2021
3:03 PM