PhoebeRoberts
Level 11
Level 11

The input for royalties from a trust leaves something to be desired, I agree. Personally, I like all my royalty income and deducts on page 1 of Sch E - that's the default Lacerte presentation for S-corps and partnerships.

I agree that depletion on royalties is statutorily a non-passive item. O&G royalties are never a PIG.