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Retirement tax questions
If it is taxable compensation on a 1099-NEC and you pay the SE tax and report is as self-employed income then yes.
To actually be a royalty (for tax purposes) takes more than just "calling" it a royalty - it must be reported as such.
**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.**
ā€ˇFebruary 4, 2021
5:30 PM