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Schedule E-1 print requirements
To print Schedule E-1, Massachusetts Rental Real Estate and Royalty Income and (Loss):
- Make sure there is at least one property or Schedule K-1 with amounts in the return:
- To create a rental property:
- In theOrganizer, go toIncome, thenRent and Royalty.
- If there is nopropertylisted, selectAdd new Property Name.
- Select theproperty name, thenRent and Royalty Information.
- Enter the applicable amounts.
- To create a Schedule K-1:
- In theOrganizer, go toIncome, thenSchedule K-1.
- If there is noK-1 namelisted, selectAdd new Schedule K-1 Name.
- Select theK-1 name, then go toState Information, thenMassachusetts Resident/PY/NR.
- SelectSchedule K-1Information.
- Select theMA K-1 Income Organizertab.
- Go to theRental, Royalty and Other Income/Losssection.
- Make sure there is an amount in theState Computedcolumn for at least one of theline 12royalty fields.
- Make sure the form is populated:
- InTax Forms, go toStates,Massachusetts, thenResidentorPart-year Resident/Nonresident.
- Go toSch E - Rental, Partnership, thenSch E-1 - Rental RE and Royalties, then select theproperty name.
- Make sure there is an amount on at least one of these lines:
- Line 1.
- Line 2.
- Line 19.
- Line 21.
- Do a full recompute, then print.
This article applies to:
- Product: GoSystem Tax RS
- Return type: 1040 Individual
- State: Massachusetts
- Subject: Print requirements