topic I have royalty statements showing commissions were deducted out of my income. I was also charged for international bank transaction fees. Where do I list these deductions in Investors & landlords

I have royalty statements showing commissions were deducted out of my income. I was also charged for international bank transaction fees. Where do I list these deductions

iowntheroad — Tue, 03 Feb 2026 09:43:23 GMT

literary agency commissions - where do I deduct those

Re: I have royalty statements showing commissions were deducted out of my income. I was also char...

ThomasM125 — Wed, 19 Feb 2025 20:46:36 GMT

You deduct the expenses after you report the royalty income. Royalty income is typically reported on a Form 1099-MISC in box 2. You report that in the Wages and Income section of TurboTax, then Other Common Income, then Income from Form 1099-MISC. In that section, you will enter a name for the royalty activity and be instructed to visit the Business Income and Expenses section where you will see the royalty activity you set up and you can enter your business deductions there:

Re: I have royalty statements showing commissions were deducted out of my income. I was also char...

iowntheroad — Wed, 19 Feb 2025 21:01:14 GMT

thank you!