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Returning Member
posted Jan 17, 2023 6:59:52 AM

Schedule E Royalties from IP

I have Turbo Tax Home and Business. I need to fill in a Schedule E, as I do not have a corporation or business, but I do receive Royalties from authorship. Can someone help me determine how to get the desktop software to give me the option to fill in a Schedule E. It let me do it last year, but this year I can't seem to figure it out.

 

Thank you

Ellen

0 2 255
2 Replies
Level 15
Jan 17, 2023 7:01:53 AM

To enter rental income, expenses and rental asset depreciation -

  • Click on Federal Taxes (Business using Home & Business)
  • Click on Wages and Income (Business Income and Expenses using Home & Business)
  • Click on I'll choose what I work on
  • Scroll down to Rental Properties and Royalties (Sch E), click on the start or update button

Or enter rentals in the Search box located in the upper right of the program screen. Click on Jump to rentals

Level 8
Jan 17, 2023 2:25:52 PM

Enter rentals in the Search box located in the upper right of the program screen. Click on Jump to rentals