Sch K-1, Royalties and Land Rent
�Pub 4491 – Lesson 12
The following topics are out of scope for first-year counselors due to their complexity:
During your interview, if you encounter a Schedule K-1, please let the Site or Shift Lead know so the return can be reassigned appropriately.
The same guidance applies if you see royalties or land rent. We frequently encounter oil lease royalties, so this situation is not uncommon.