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New Member
posted Feb 15, 2025 9:31:00 AM

I am retired from working my youtube channel, but my videos still generate revenues--royalties on my 1099MISC. How do I report to IRA without saying i'm self employed?

When I type in the royalties, I'm asked to answer the questions about my self-employment...

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1 Replies
Expert Alumni
Feb 15, 2025 9:34:15 AM

From the information you provided, the income from  your videos should be reported on Schedule E, so you would choose the first option when entering your 1099-MISC  "Royalty investment income from a natural resource, intellectual property or other investment portfolio." Depending on which option you choose, the income will be reported on a different schedule on your tax return.  The first option, "natural resource or intellectual property" will flow to Schedule E, while the second option, "being self-employed as a writer, inventor, artist" will flow to Schedule C.

 

Here are the instructions for reporting  How do I enter a 1099-MISC for royalty income?