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Can I report a book royalty on Schedule E because I have no self employment to put on Schedule C, the royalty is from a book I wrote many years ago

Can I report book royalties on Schedule E since I am retired am not in business
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1 Reply
MonikaK1
Expert Alumni

Can I report a book royalty on Schedule E because I have no self employment to put on Schedule C, the royalty is from a book I wrote many years ago

Yes, since you are not currently operating a Schedule C business, it's appropriate to report your Royalty income on Schedule E.

 

Click here for guidance from the IRS on this topic, under Royalties.

 

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