Royalties can be reported on either a Schedule C or a Schedule E depending on why you are receiving the royalties. Royalties from a book you wrote are definitely reported on Schedule C as business income. Since you did not receive a 1099 misc for this, you will report your royalties as general income.
• Select the Business Tab
• Select Continue on the Let’s Find Some Business Expenses screen.
• Select I’ll Choose What to Work on at the next screen
• Select Update at Business Income and Expense
• Select Edit next to your business
• Select Start or Update next to Business Income
• Select Start next to General Income
Enter a description of how the revenue was earned and enter the dollar amount.
Be sure to complete the Business tab to enter additional info about your business and any related expenses.
