Question

where do I show royalty money sent to another party

Forum|Forum|5 years ago
March 31, 2021
1 reply
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If you mean you paid royalties on income to someone else and want to deduct it, you would enter it on the income schedule to which it relates. For instance, if you reported business income on a schedule C and paid royalties out of it, you would enter the royalties as an expense on that business schedule.

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