Rent (Box 1) is income derived from money received from renting out residential or business property.
Royalty (box 2) reports royalty payments from intangible property such as patents, copyrights, trade names, and trademarks. Report the gross royalties (before reduction for fees, commissions, or expenses) paid by a publisher directly to an author or literary agent, unless the agent is a corporation.
Other income (Box 3) may be payments received as prizes, awards, taxable damages, etc.
