rcheva1
New Member

Investors & landlords

Sorry for the delay.

 

The  1099 has been deleted.

 

-- Opening the schedule E for the rental shows a property type of 1

-- Opening the schedule E for the royalty shows a property type of 6

-- Reviewing the schedule E depreciation report shows that the rental depreciation is listed on the royalty property.

 

I won't have time to work on re-entering information until tomorrow.  I took a quick break from work to check the forms. 

 

I think the first thing I should do is use forms mode to get the depreciation on the correct property and make any other adjustments necessary on the depreciation reports.  And maybe the schedule E if anything else seems off.

 

This is really weird.  I've had this property and the gas leases 20 years now and haven't had any issues, that I know of, until now.