Hi, I am a professor and received 1099 MISC reporting $976 royalties from a publisher of a textbook I co-authored. I am not in the business of writing books.
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Hi, I am a professor and received 1099 MISC reporting $976 royalties from a publisher of a textbook I co-authored. I am not in the business of writing books.
Am I considered self-employed (should use Schedule C), or this income would be considered as royalty for Schedule E?
Hi, I am a professor and received 1099 MISC reporting $976 royalties from a publisher of a textbook I co-authored. I am not in the business of writing books.
This is a royalty and goes on Schedule E. It should be reported in Box 2, not box 7