748630
You'll need to sign in or create an account to connect with an expert.
Where it is reported depends on whether the income is reported in Box 2 Royalties or Box 7 Non-employee compensation?
Royalty (box 2) reports royalty payments from intangible property such as patents, copyrights, trade names, and trademarks. Report the gross royalties (before reduction for fees, commissions, or expenses) paid by a publisher directly to an author or literary agent, unless the agent is a corporation. The literary agent (whether or not a corporation) that receives the royalty payment on behalf of the author must report the gross amount of royalty payments to the author on Form 1099-MISC whether or not the publisher reported the payment to the agent on its Form 1099-MISC.
Royalties are entered on Schedule E Supplemental Income and Loss.
Self-employment (whether reported on a 1099-Misc or not) are entered on Schedule C Profit or Loss from Business.
https://ttlc.intuit.com/replies/6597883
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ripepi
New Member
fkinnard
New Member
oreillyjames1
New Member
currib
New Member
jack
New Member