I've earned money for music royalties through a music distribution company (STEM), but I haven’t withdrawn the money yet. How is this being taxed? Should I file for quarterly taxes as a self-employed individual or will royalties distribution companies send tax forms before tax season?
My husband and I will be filing jointly and with FEIE (foreign earned income exclusion) this year will that impact how I pay taxes for the earned royalties?
Thank you!
