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Is there a dollar amount minimum on royalties that have to be claimed in taxes?

 
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TomK
Expert Alumni

Is there a dollar amount minimum on royalties that have to be claimed in taxes?

At least $10 in royalties [corresponds with 1099-MISC box 2] A common example of a royalty payment is a payment made to an author for the right to publish or distribute the author’s work.

Instructions for reporting 1099-MISC (page 5): https://www.irs.gov/pub/irs-pdf/i1099msc.pdf

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