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New Member
posted May 1, 2021 8:01:51 PM

I created software at previous employer in 2018 (university). The employer licensed it and pay me royalties for it in 2020. I have a 1099MISC box 2. How do I report this?

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1 Replies
Level 15
May 2, 2021 6:56:53 AM

Royalty income is reported on SCH E. Under the Personal Income tab in the Business Items section is "Rental and Royalty Income".