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My return is hung up because of $26 royalty income brought in with my Fidelity investment income. How can I resolve this issue?

It wants me to enter this information in Schedule C or Schedule E, but neigher seems to be appropriate.
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1 Reply
PatriciaV
Expert Alumni

My return is hung up because of $26 royalty income brought in with my Fidelity investment income. How can I resolve this issue?

Your best option is to set up a Schedule E Royalty Property to report this income to avoid self-employment taxes. If the broker failed to provide more information on the source of these royalties, you may need to request clarification. 

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