Solved
Claim Royalty income after you stop writing
My wife published independently for several years through her own LLC. I usually file it as business income on a Schedule C.
She no longer writes, but is still paid royalties on past books through the LLC name.
Do I need to claim these royalties on a schedule C forever?
I have read of people saying you can use a schedule E if you are no longer writing, but I have also read the opposite saying if you were in a business at the time you wrote the books then it will always be a schedule C.
thanks
