I received royalty payments from publishers on behalf of an author, and I passed on these payments to the author, minus a commission. How do I report that?

schossig · ‎June 4, 2019

MaryK1 · ‎June 4, 2019

You would have to issue the author a 1099-MISC (if required) to report the amount you paid to the author and include the amount you paid as an expense.

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MaryK1 · ‎June 4, 2019

You would have to issue the author a 1099-MISC (if required) to report the amount you paid to the author and include the amount you paid as an expense.

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schossig · ‎June 4, 2019

Thank you. What kind of an expense?

schossig · ‎June 4, 2019

Would "Other Miscellaneous Expenses" work for that?

MaryK1 · ‎June 4, 2019

Yes, then you can add a description.

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I received royalty payments from publishers on behalf of an author, and I passed on these payments to the author, minus a commission. How do I report that?