597058
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Yes, Royalty Income and Deductions are reported on Schedule E (Rental Properties & Royalties), even if you do not own the property.
To easily find this area of TurboTax, use the Search box at the top right corner of the TurboTax header and enter "royalties". Click on the "jump to royalties" link to be taken directly to this area of the program.I don't understand the question about 100% or partial ownership if I don't own the land. Is it asking if I own the mineral rights? I inherited the rights along with other heirs.
Also, TurboTax automatically gave the depletion allowance and I can't delete it. Is that correct even though I don't own the land?
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