Income reported on Form 1099-MISC for royalties for a product you created is reported on Schedule C when you are actively involved in the business of writing and publishing a book.
In order to enter your Schedule C income and expenses, you will need to be using either TurboTax Online Self-employed or one of the CD/downloaded versions of TurboTax.
Use the following steps to get started with your Schedule C:
- On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
- This opens a box where you can type in “schedule c” and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
- The search results will give you an option to “Jump to schedule c”
- Click on the blue “Jump to schedule c” link
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