PaulaM
Employee Tax Expert

Investors & landlords

Royalties received for written works, if your are in the business of writing, are considered self-employment income and not royalty income. Normally, this would be on a Schedule C on your personal return.

If instead, you are filing your business on a Form 1065, then it would be under the Income menu as Business Income, not Other Income.  Enter your expenses under the Deductions Menu. The net profit/loss will flow to the K-1's and the K-1's will be entered on your personal return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post