The Rents and Royalties section is used to report income received as a result of renting property or receiving royalties.
Rental income is generally reported on a 1099-Misc Form, Box 1 or is paid directly to the landlord.
Royalties are generally received through copyrights, patents, and oil, gas, or mineral properties. Royalties are usually reported to you on a 1099-Misc form with an amount in Box 2.
If you are unsure how to report the information, select the "Guide Me" feature after clicking on the Schedule E Form.
To access the Schedule E take the following steps:
- Federal Section
- Select my Forms
- Supplemental Income and Loss (Schedule E)