Deductions & credits
If you have just a royalty, and the royalty is not connected to a business, then your return should reflect that your income includes whatever royalty payment you have received. You should not have a Schedule C. Here are the steps to delete your Schedule C if you do not need this form.
- Open or continue your return in TurboTax.
- In the left menu, select Tax Tools and then Tools.
- In the pop-up window Tool Center, choose Delete a form.
- Select Delete next to the form/schedule/worksheet in the list and follow the instructions.
Regarding your royalty payment, when entering this information you should have seen a screen such as the one pictured here (which is from our test return), or a similar screen. From this page you would enter your information and respond to the questions when prompted until the end of the section.
