I need to reflect royalties in Lacerte (1065) so that when they transfer to the Form 1040 that depletion for other than Oil and Gas can be computed.
You've determined that the appropriate treatment is to calculate depletion at the partner level, and that statutory (percentage) depletion at 5% without regard to basis is appropriate? I'd just use Screen 30 or 31 to memo the tentative depletion deduction.
The K-1 export is not going to do the depletion calculation at the 1040 level automatically, regardless of your 1065 input.
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