@american887 wrote:
I'm paid monthly for them regardless, but I have to actively work to put up videos and I did this roughly weekly in 2020. If I stopped, the revenue would decrease and the views would decline. Shouldn't I pay self employment on it, and therefore it's earned income/taxable compensation?
You are confusing terms. What you just posted is NOT royalties at all. It is payment for work done and is self-employed income subject to the SE tax and IS taxable compensation that can be used for IRA contributions. That has NOTHING to do with royalties whatsoever.
Royalties can only be reported on a 1099-MISC line 2.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
