If you have separate royalty & rent income on same rental property, are incomes combined on one schedule E or on two separate schedule E (one rent, one royalty)

posted

Connect with an expert

1 Reply

If you have separate royalty & rent income on same rental property, are incomes combined on one schedule E or on two separate schedule E (one rent, one royalty)

You will report the rental income and the royalty income on two separate Schedule E's - one for each activity and the expenses related to that activity, if any.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post