Royalty / Rental Income Form 1040 Line 17 Pub 4012 Tab 2 LEVEL 2 TOPIC 4491-12 Income - Royalty and...
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Royalty / Rental Income Form 1040 Line 17 Pub 4012 Tab 2 LEVEL 2 TOPIC 4491-12 Income - Royalty and Rental Income v1.0 VO.ppt 11/30/2010 1 NJ Training TY2010 v1.0
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Transcript of Royalty / Rental Income Form 1040 Line 17 Pub 4012 Tab 2 LEVEL 2 TOPIC 4491-12 Income - Royalty and...
![Page 1: Royalty / Rental Income Form 1040 Line 17 Pub 4012 Tab 2 LEVEL 2 TOPIC 4491-12 Income - Royalty and Rental Income v1.0 VO.ppt 11/30/20101NJ Training TY2010.](https://reader035.fdocuments.in/reader035/viewer/2022072015/56649ec65503460f94bd0f92/html5/thumbnails/1.jpg)
Royalty / Rental Income
Form 1040 Line 17Pub 4012 Tab 2
LEVEL 2 TOPIC
4491-12 Income - Royalty and Rental Income v1.0 VO.ppt
11/30/2010 1NJ Training TY2010 v1.0
![Page 2: Royalty / Rental Income Form 1040 Line 17 Pub 4012 Tab 2 LEVEL 2 TOPIC 4491-12 Income - Royalty and Rental Income v1.0 VO.ppt 11/30/20101NJ Training TY2010.](https://reader035.fdocuments.in/reader035/viewer/2022072015/56649ec65503460f94bd0f92/html5/thumbnails/2.jpg)
Royalty/Rental Income Schedule E Royalty and/or rental income for oil leases
with no expenses is IN SCOPE Royalties can be reported on either K-1 or
1099-MISC Rent can be reported on 1099-MISC Rent reported on K-1 is OUT OF SCOPE
Rental income on residential property is OUT OF SCOPE
11/30/2010 2NJ Training TY2010 v1.0
![Page 3: Royalty / Rental Income Form 1040 Line 17 Pub 4012 Tab 2 LEVEL 2 TOPIC 4491-12 Income - Royalty and Rental Income v1.0 VO.ppt 11/30/20101NJ Training TY2010.](https://reader035.fdocuments.in/reader035/viewer/2022072015/56649ec65503460f94bd0f92/html5/thumbnails/3.jpg)
1099-MISC in TAXWISE
11/30/2010 3NJ Training TY2010 v1.0
![Page 4: Royalty / Rental Income Form 1040 Line 17 Pub 4012 Tab 2 LEVEL 2 TOPIC 4491-12 Income - Royalty and Rental Income v1.0 VO.ppt 11/30/20101NJ Training TY2010.](https://reader035.fdocuments.in/reader035/viewer/2022072015/56649ec65503460f94bd0f92/html5/thumbnails/4.jpg)
Fill in on Sch E
Link to 1099-MISC
SCH E inTAXWISE
11/30/2010 4NJ Training TY2010 v1.0