turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Is royalty income through an LLC considered self-employment income?

Where do I add income reported on a 1099-MISC?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
PaulaM
Expert Alumni

Is royalty income through an LLC considered self-employment income?

If you are the royalty owner and not the producer, then the royalty is passive income and reported on Schedule E. Ener in the Rental and Royalties section to get started, be certain to mark the button that you have a royalty not rental to enter.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies