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How do I remove income that I listed on Rental Properties or Royalties so I can add it as Partnerships?

 
1 Reply
syp_vandy
New Member

How do I remove income that I listed on Rental Properties or Royalties so I can add it as Partnerships?

1. Click on "Federal" in the left navigation black bar.
2. Click on "Income & Expenses" at the top.
3. Scroll down to the table where it says "Rental Properties and Royalties (Sch E)" and click "Revisit" (it may say "Edit/Add" instead).
4. Go through the first few questions again as you had. Once you get to the "Review Your <rental name> Rental Summary," you can delete the property from the table by clicking on the "Delete" link to the right of the row you want to remove and confirm on the next page.
5. Then click on "Search" in the top right corner and search "K-1." A "Jump to K-1" link will be the first result. Click on this to begin entering your partnership.
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