Hello,
During the error check review, TT Premier keeps asking a value to be entered on Line 4 (Royalty Income), even though my rental activity does not receive royalties income - A Schedule E was created by TT Premier to report income and expenses for my rental property.
I tried overriding the zero there (replacing it with a blank), but this error (and another one I posted in a different question) keeps coming up. I really don't know why it is asking for a royalty amount.
Thoughts?
Thanks!
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Go back to TurboTax and select edit to go to your property profile. You may have selected the royalty option instead of the rental. Now the system is asking you to provide the royalty income you may have inadvertently selected.
Thanks! For some reason, "Enter royalties received (not reported elsewhere)" and "Royalty income from Schedule K-1" had both a zero. Removing it did the trick.
OMG...Thank you DrSherman. your comment about removing the zero worked. I tried everything else and was going crazy over this.
Although I couldn't find the question regarding Royalties in the walk-through area related to our rental property, removing the 0, and having a blank instead, in the final review process that was stopping me from filing did the trick. Thanks!
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