Schedule Es - can I group like items together

[MichWoman]

Receive oil and gas royalties from multiple companies...small amounts from many companies.  The amounts reported on 1099 MISC range from $3 - $200.  Should I create one Schedule E per company or is it permissible to create one Schedule E titled something like "Oil and Gas Royalties" and link all 1099 MISC to that one?  

[MaryK4 · Accepted solution]

Yes you can group similar royalties together so that you do not have to create a separate Schedule E for each one.  When you enter the 1099-MISC, you will be able to Select which Schedule to apply it to (the page says Rent or Royalty Income) then it will assign the income to that form.