To start with you should separate the Rental and Royalty transactions.
You should post them as if they were on two different 1099-MISC forms.
- Once you've entered the Rental information in Box 1 = Continue
- Source of 1099-MISC Income
- Nonbusiness income from the rental of personal property or equipment Learn More
- Check the Learn More in TurboTax
- This is money you receive for renting out property that is NOT real estate and NOT something you do as a business (nonbusiness income).
This will eliminate the issue of the Real Estate requirement.
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