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New Member
posted Apr 14, 2025 11:14:47 AM

I received a payment of 7 cents from a royalty. I never cashed the check.

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1 Replies
Expert Alumni
Apr 14, 2025 11:19:52 AM

It does not affect your tax liability. No need to claim 7 cents of income, it rounds down to zero so it isn't actually reportable.