ILLMAS Posted March 31, 2016 Report Posted March 31, 2016 TP has $2 in royalties, can it be reported on line 21 or Sch E only? Quote
RitaB Posted March 31, 2016 Report Posted March 31, 2016 Put it on the proper form regardless of the amount. 7 Quote
kcjenkins Posted April 1, 2016 Report 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
jklcpa Posted April 1, 2016 Report 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
ILLMAS Posted April 1, 2016 Author Report Posted April 1, 2016 This is the best group therapy, thank you. 6 Quote
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