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Investors & landlords
No, not on a Schedule C. Since she is no longer writing, you will claim the royalties on a Schedule E.
This income goes on Schedule C as long as you are still working as a writer. If you receive royalties at a time when you are not a writer, perhaps in retirement, then these payments are reported on Schedule E.
See this article for further information: Tax Tips for Freelance Writers and Self-Published Authors
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‎January 15, 2024
7:10 AM