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What should I do?

Turbo tax keeps asking me to seperate one of the three royalties I have for petroleum and different schedule
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1 Reply
AmyC
Employee Tax Expert

What should I do?

In the royalty section, you can have as many royalty properties as you own. Give each one a unique name. Sch E holds 3 properties. Maybe  you have more than 3 properties and it is simply letting you know there will be another page.

Your information is limited so I can't tell if the properties have different key qualities where it seems the program is looking for a little more. Double check:

  • When entering the 1099-MISC, be sure each form links to the correct Sch E for that property with unique name.
  • Watch the type of income entered is box 2.
  • Depletion allowance should show in the expenses.
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