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dreimann22
New Member

I enter the income from a K-1 for royalty income, but it doesn't show up in my summary of income.

 
2 Replies
MarilynG1
Expert Alumni

I enter the income from a K-1 for royalty income, but it doesn't show up in my summary of income.

Royalty Income is reported on Schedule E in your tax return, and is considered Investment Income, rather than Wages. 

 

This income (or loss)  is reported on  Form 1040, Schedule 1, Line 5.

 

 

 

 

 

 

 

 

 

 

 

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dreimann22
New Member

I enter the income from a K-1 for royalty income, but it doesn't show up in my summary of income.

Thanks for trying. I am aware it is supposed to end up on Schedule E, but it always shows $0 instead of the amount I enter from the K-1. I may have a problem with the program.

 

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