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larsonnj
New Member

I am being asked to fix an entry in my schedule E form, line 4, for Royalty Income. But I don't have any. Turbo Tax won't accept that it is 0 and keeps asking to fix.

 
8 Replies
LinaJ2020
Employee Tax Expert

I am being asked to fix an entry in my schedule E form, line 4, for Royalty Income. But I don't have any. Turbo Tax won't accept that it is 0 and keeps asking to fix.

You can simply remove the form from the program.  Here are the steps:

 

1.  Sign into your account, select Pick up where you left off

2.  Select Tax Tools, click on the drop down arrow

3.  Select Tools

4.  Under Other helpful links, choose Delete a form

5.  Select Delete next to Schedule e and Continue with My Return

 

Royalty income are any payments you receive from a patent, a copyright, or some natural resource that you own.  The is the amount someone pays you to use your property after you subtract the expenses you have for the property. If it doesn't apply to you, you do not need to report. 

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ChrisP5
New Member

I am being asked to fix an entry in my schedule E form, line 4, for Royalty Income. But I don't have any. Turbo Tax won't accept that it is 0 and keeps asking to fix.

I am getting the same error but i do have rental income to report.  So i need to file a Schedule E form.  Is there another work around to avoid having to file by mail?

DianeW777
Expert Alumni

I am being asked to fix an entry in my schedule E form, line 4, for Royalty Income. But I don't have any. Turbo Tax won't accept that it is 0 and keeps asking to fix.

Yes.  You should be able to go to the royalty section of the return and make sure anything that might be there is deleted.  It can be in one of two places, but the following steps should take you there. it's important to continue through the screens so that TurboTax knows there should be nothing there as you step through the screens.

 

With your return open, search for 1099-MISC and select the Jump to link in the search results.

When you enter your 1099-MISC, enter the income in Box 2 - Royalties. On the following screen, choose the source of your royalty income:

  • Investment income from property you own – This includes natural resources extracted from your property by a third party who leases your property, as well as royalties from intellectual property that you didn't create yourself. This gets reported on Schedule E.
  • Royalty income from your business, including artist royalties or operating a natural resources business (Schedule C) – This includes income from natural resources that you extract from your property as well as royalty payments from intellectual property you created as an inventor, writer, artist, and so forth. This gets reported on Schedule C.

Once you've selected the proper classification, follow the onscreen instructions.

 

You can also use the following steps to walk through the royalty income section:

  • Select Wages and Income > Scroll to Rental Properties and Royalties (Sch E) > Revisit/ Update >
  • Select Edit beside any property that is unnamed or that shows royalties > use the trash can or click delete to remove it.

It's important to clear cache and cookies, as well as browsing history on a regular basis to remove any pieces of information that should be gone.

ChrisP5
New Member

I am being asked to fix an entry in my schedule E form, line 4, for Royalty Income. But I don't have any. Turbo Tax won't accept that it is 0 and keeps asking to fix.

I double checked my entries and I'm still getting this same error loop.  To be clearer on my situation, I have two rental properties that I have entered 1099MISC information for.  The only income for both is the rent from tenants and there is no royalty income associated with anything I have.  I only put information information put into box 1 and have left box 2 blank for both 1099 entries.  For some reason TurboTax keeps thinking I need to put something into box 2 for royalties but just for one of the properties.  I've deleted and re-entered the information for the 1099 that was causing the error but it is still coming up that I need to fill in the royalties box when I don't have any of that type of income to report.

renezhu
New Member

I am being asked to fix an entry in my schedule E form, line 4, for Royalty Income. But I don't have any. Turbo Tax won't accept that it is 0 and keeps asking to fix.

I am facing the same issue.  Did you find a solution to it?

 

Thanks!

Carl
Level 15

I am being asked to fix an entry in my schedule E form, line 4, for Royalty Income. But I don't have any. Turbo Tax won't accept that it is 0 and keeps asking to fix.

Delete the 1099 from the program entirely. Then do not tell the program that you have a 1099. Instead, tell the program you were paid in cash. Then enter the amount you were paid. Take note that when you e-file, the fact you received a 1099 is not included anywhere  on your e-filed return.

If you still get the error, then there's another way (a bit drawn out, but successful) to find the error.

 

ChrisP5
New Member

I am being asked to fix an entry in my schedule E form, line 4, for Royalty Income. But I don't have any. Turbo Tax won't accept that it is 0 and keeps asking to fix.

I tried clearing and re-entering the info a couple times without luck. I ended up just printing off my return and mailing it in.

renezhu
New Member

I am being asked to fix an entry in my schedule E form, line 4, for Royalty Income. But I don't have any. Turbo Tax won't accept that it is 0 and keeps asking to fix.

Thanks -- I will try the options suggested by Carl and see if it would help!

 

 

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