My mother was a published author and passed away in 2015. I now receive royalties on books she published. Are these to be reported under Schedule E or Schedule C?

eherder1 — Tue, 04 Jun 2019 22:47:16 GMT

Since you are only receiving a royalty and not actively i...

AnnetteB — Tue, 04 Jun 2019 22:47:17 GMT

Since you are only receiving a royalty and not actively involved in a business that would generate the royalty, then it will be reported in the Rental Properties and Royalties (Schedule E) section of TurboTax. Use the following steps to go directly to that section of your return:

On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
This opens a box where you can type in “royalties” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
The search results will give you an option to “Jump to royalties”
Click on the blue “Jump to royalties” link

Skip the first question or so because they will pertain to rental properties and not royalties. You will come to a screen titled, “Is This a Rental Property or Royalty?” where you can choose Royalty. You will need to enter a short description for the type of royalty and include an address for the royalty. Use your own address if the royalty is not associated with an actual property address (such as with a property lease or mineral rights). Continue moving forward until you get to a summary page for the royalty. Here you can select Start or Update beside Royalty Income to enter your income amount.

topic My mother was a published author and passed away in 2015. I now receive royalties on books she published. Are these to be reported under Schedule E or Schedule C? in Investors & landlords

My mother was a published author and passed away in 2015. I now receive royalties on books she published. Are these to be reported under Schedule E or Schedule C?

Since you are only receiving a royalty and not actively i...