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posted Feb 12, 2020 1:18:24 PM

What is rent royalties and k1 income?

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1 Replies
Not applicable
Feb 12, 2020 1:21:54 PM

k-1 income comes from a partnership, s corporation or a trust or estate.    those forms need for input are probably not available in the free edition.  they're reported on schedule E page 2.   if the K-1 reports rent and royalty income, they get entered on the proper forms and lines through entering the k-1 data.