topic If it says Income from rental real estate and income from royalties must be reported as separate properties on schedule E, what does this mean in Investors & landlords

If it says Income from rental real estate and income from royalties must be reported as separate properties on schedule E, what does this mean

loveastros — Tue, 04 Jun 2019 18:19:52 GMT

Yes, you will have a Schedule E worksheet for each of the...

Cindy0H — Tue, 04 Jun 2019 18:19:54 GMT

Yes, you will have a Schedule E worksheet for each of them, but there will be one Schedule E.There can be three properties listed on that form.

https://www.irs.gov/pub/irs-pdf/f1040se.pdf

Here is how if you are using TurboTax:

Business
Rental Properties & Royalties...update
When you get to the summary (see screenshot)...add a rental or royalty

Re: Yes, you will have a Schedule E worksheet for each of the...

vgsenthil — Fri, 11 Mar 2022 07:03:53 GMT

Hello,

I am running into this error. I do not see the screenshot. Can you please post it again ?

Re: Yes, you will have a Schedule E worksheet for each of the...

Critter-3 — Fri, 11 Mar 2022 13:04:25 GMT

If you have one K-1 with amounts in both 1 & 2 then you must split the return into 2 entries ... on the first one you enter everything except the box 2 amount and on the second one enter ONLY the box 2 amounts.

Re: Yes, you will have a Schedule E worksheet for each of the...

vgsenthil — Mon, 14 Mar 2022 06:16:07 GMT

This is what i had to do to solve this.

1. I do not have any royalty income. Just 1 rental property with 1 1099-misc.

2. Was with Intuit tech support for an hour and tried several different things. Nothing helped

3. Finally the tech support staff asked me to delete the Schedule E and the worksheet from my fed and state return. i said i need to save the return and hung up indicating i will do it later

4. I saved the Schedule E form and worksheets before i deleted it. I had paid for the online edition, so i was able to save the pdf files

5. I re-entered the rental property and i had the same issue again :(

6. I deleted Schedule E and Worksheets again

7. finally this is what worked. I entered the 1099-misc form. This prompted me to enter a rental property. Once I entered the data through this workflow, the review went fine with no errors.

Re: If it says Income from rental real estate and income from royalties must be reported as separate properties on schedule E, what does this mean

TCTC123 — Mon, 17 Apr 2023 06:22:45 GMT

This is what I tried and what I had to do to resolve it for me: I tried entering different $ figures in the box to see if it would clear up the error but none worked. Then I removed the "0." from the box and magically it resolved the error like a charm. I guess Turbox Tax doesn't like anything in the box even if it is a plain "0".