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February 3, 2024
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Natural Gas Royalties

  • February 3, 2024
  • 2 replies
  • 10 views

I'm trying to enter natural gas royalties for a partnership. When I enter as schedule k, line 7, I get an error message that Pennsylvania requires a schedule E to efile. I don't know how to link the Oil and Gas input sheet to schedule E. Any help is greatly appreciated. I've converted from Proseries to Proconnect and struggling.

    This topic has been closed for replies.
    Best answer by George4Tacks

    1 Set up the "rental"  https://accountants.intuit.com/support/en-us/help-article/form-1099-misc/common-questions-entering-rental-royalty-property/L8vcb1Wbz_US_en_US?uid=ls6dhdhz

    2 Set up the "OIL AND GAS" as a "set" then Link the Oil & Gas "Property" with a link to the rental

    https://accountants.intuit.com/support/en-us/help-article/business-tax-credits-deductions/entering-oil-gas-information-proconnect/L65H9uFCt_US_en_US?uid=ls6dlyez

    Phew! Very convoluted but if you have a problem call support to walk you through it.

    2 replies

    IRonMaN
    Level 15
    February 3, 2024

    Instead of linking, you can’t just enter the info directly on schedule E?

    Slava Ukraini!
    George4Tacks
    Level 15
    February 3, 2024

    1 Set up the "rental"  https://accountants.intuit.com/support/en-us/help-article/form-1099-misc/common-questions-entering-rental-royalty-property/L8vcb1Wbz_US_en_US?uid=ls6dhdhz

    2 Set up the "OIL AND GAS" as a "set" then Link the Oil & Gas "Property" with a link to the rental

    https://accountants.intuit.com/support/en-us/help-article/business-tax-credits-deductions/entering-oil-gas-information-proconnect/L65H9uFCt_US_en_US?uid=ls6dlyez

    Phew! Very convoluted but if you have a problem call support to walk you through it.

    Answers are easy. Questions are hard!