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January 30, 2023
Question

Can I report a book royalty on Schedule E because I have no self employment to put on Schedule C, the royalty is from a book I wrote many years ago

  • January 30, 2023
  • 1 reply
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Can I report book royalties on Schedule E since I am retired am not in business

1 reply

January 30, 2023

Yes, since you are not currently operating a Schedule C business, it's appropriate to report your Royalty income on Schedule E.

 

Click here for guidance from the IRS on this topic, under Royalties.

 

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