Yes, you can deduct all the expenses you had to get your novel published. You can claim up to $5,000 in startup costs and $5,000 in organizational costs. Claim them in 2025 which is when you started receiving income. If you would like to see more information about Start-ups, see the TurboTax help article below:
To enter the income:
- Open or continue your return.
- Go to the self-employed income
- Say Yes on the Did you have any self-employment income or expenses?
- Continue answering the rest of the questions
What self-employed expenses can I deduct?
How do I report income from self-employment?
