ILLMAS Posted March 31, 2016 Report Share Posted March 31, 2016 TP has $2 in royalties, can it be reported on line 21 or Sch E only? Quote Link to comment Share on other sites More sharing options...
RitaB Posted March 31, 2016 Report Share Posted March 31, 2016 Put it on the proper form regardless of the amount. 7 Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted April 1, 2016 Report Share Posted April 1, 2016 Naturally, you hate it when you need a form that effectively does nothing, But you are a PROFESSIONAL, SO YOU DO IT RIGHT ANYWAY. What I do in such a situation is to not charge for the form, but still include it. 1 Quote Link to comment Share on other sites More sharing options...
jklcpa Posted April 1, 2016 Report Share Posted April 1, 2016 I agree. Put the royalty on Sch E so it's properly reported. It's one additional page in the return. No biggie. 1 Quote Link to comment Share on other sites More sharing options...
ILLMAS Posted April 1, 2016 Author Report Share Posted April 1, 2016 This is the best group therapy, thank you. 6 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.