Can someone explain how exactly to handle oil & gas royalties for entities in Lacerte? I don't understand the need for a "Set", and then "properties" when we are talking about an entity that just simply having passive income from royalties. I have never had a program that has a separate tab for Oil & Gas and is set up this way. Usually it is on the same tab as rentals and you just select "royalties" (This option is available for Individuals in Lacerte even though there is also the Oil & Gas input screen however), and that way i could add additional expenses that related to their O&G business, such as Legal & Professional Fees. With the Oil & Gas input screen, all those additional expense lines are not an option, and it seems like the options are 1) Put all to "other expense" under the property, 2) Put under "overhead expense" under the set or 3) Not specifically tie it to the O&G worksheet and just put it under Other deductions on the Other Sch. K input screen. Is there a wrong answer? 

Oil & Gas is the only income this entity has at the moment. What am I missing with this??

I would also like any insight on how to remove the depletion calculation at the entity level - we generally just provide the information to the partners on the K-1 so they have the ability to calculate the depletion at the individual level.