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Where on my taxes do I put what I pay in royalty fees

I pay royalty fees on a business where do I put that in my taxes
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Accepted Solutions
DianeW
Expert Alumni

Where on my taxes do I put what I pay in royalty fees

On your business return you can use the miscellaneous expenses category to deduct the royalties you paid.

TurboTax online version:

1. Sign into your account and select your current return.

2. Select  My Account on the top right and then select Tools

3. Select Topic Search (see attached image)

4. Search for business and select Go

5. Start business entry by following the screens.

TurboTax desktop version:

1. Use the Search box in the upper right

2. Search for business, schedule c

3. Jump to business. schedule c (see image attached)

4. Continue to Start or Edit your business

5. Follow the screens to enter your information. Choose Other common business expenses (see images attached)

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3 Replies
edycaring
New Member

Where on my taxes do I put what I pay in royalty fees

Are local sales tax paid deductible
DianeW
Expert Alumni

Where on my taxes do I put what I pay in royalty fees

@edycaring  It's best if you ask your question at this link so that you can track it: <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com">https://ttlc.intuit.com</a>
Include whether this is for a business.
DianeW
Expert Alumni

Where on my taxes do I put what I pay in royalty fees

On your business return you can use the miscellaneous expenses category to deduct the royalties you paid.

TurboTax online version:

1. Sign into your account and select your current return.

2. Select  My Account on the top right and then select Tools

3. Select Topic Search (see attached image)

4. Search for business and select Go

5. Start business entry by following the screens.

TurboTax desktop version:

1. Use the Search box in the upper right

2. Search for business, schedule c

3. Jump to business. schedule c (see image attached)

4. Continue to Start or Edit your business

5. Follow the screens to enter your information. Choose Other common business expenses (see images attached)

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