Claiming costs of self-publishing

[scoots1947]

My co-filer self-published a book and will be receiving some royalties in 2022. What must be done to claim the $7,000 publishing costs as an expense to be sued against income in the future. (That also means capitalizing some of the $7,000).

Thanks. 

[AHelper]

Scoots1947 and co-filer, 

That is pretty amazing you self-published! Welcome to the world of the Self-Employed.  

Do they plan on publishing others work as well or only their own? The only reason I ask  was if that would be a second business aside from writing. If they were going to continue to write and self-publish then they can be combined in a single business.

We already have some great articles that help you determine which expenses  What self-employed expenses can I deduct? and how to report them on your taxes Where do I enter my self-employment business expenses, like home office, vehicle mileage, and suppli...