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Investors & landlords
After implementing your suggestion I now have one Schedule E that includes royalty income. The signing bonus income which was listed as rent on a separate 1099 from the royalty income was moved to Other Income.
Deleting the Schedule E worksheet for the bonus payment cleared all the errors and makes logical sense since the bonus payment was not actually rent.
Thanks very much for all of your advice.
March 7, 2022
10:38 AM