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March 4, 2024
Question

Royalties

  • March 4, 2024
  • 1 reply
  • 0 views

My wife is retired. She wrote a book in her field 30 years ago and still receives royalties. How should I report her income?

1 reply

JohnB5677
March 4, 2024

Yes, we can help you post royalties:

 

  1. Start at Federal and 
  2. select Wages & income.
  3. Scroll to  Rental Properties and Royalties (Sch E) select or Edit
  4. Two boxes will show
    1. Rental Property
    2. Royalty (Select this) - Continue
  5. Follow the interview and post the royalties.

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