@ grandpaknei wrote:
Sorry. It is nearly impossible to find posts I previously made on this topic. I'm sure when I logged in during the glorious past, my posts were at my fingertips. So I am starting from scratch after doing multiple deletes and re-entry of data to determine this is what TurboTax is messing up. When I enter a 1099-Misc for a rental and a 1099-Misc royalty for a different property name, Turbo Tax acknowledges the two separate properties in two separate worksheets. But it creates one Schedule E, with only one property (A) listed. The incomes are properly listed in the columns for property A (rental) and property B (royalties) but the property description for property B is not present and gives the appearance of all the revenue coming from the same place. It looks like it did the same thing in 2023. I will again file with the inaccurate schedule E, and wouldn't bother the community, except that, at times, Turbo Tax seems to believe that Rentals and Royalties cannot be reported on the same schedule E.
I'm a fellow user, not a tax expert. But I have to enter royalty properties each year, too, and my royalty addresses don't appear on the actual Schedule E but only on my Sch E worksheet. By "property description" are you referring to the Schedule E's Line 1a which is an address? If so, then the IRS instructions for Sch E say to put only rental real estate properties in that Line 1a address section. As far as I know, royalty income only needs a code number for "property type" in Line 1b. The following is pasted from the Instructions to Schedule E (link below):
"Line 1a
For rental real estate property only, (emphasis added) show the street address, city or town, state, and ZIP code. If the property is located in a foreign country, enter the city, province or state, country, and postal code.
Line 1b
Enter one of the codes listed under “Type of Property” in Part I of the form."
Source:
https://www.irs.gov/instructions/i1040se
Also, to see your old postings in this forum, go up to the upper right corner and click on the users icon which looks like 3 heads. In the dropdown menu choose My Profile. At your profile page scroll down a bit to see your forum activity. This assumes you used the same forum display name in the past.
NOTE: You can also click on your forum name in any of your postings, and that will take you to your profile as well.
