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Level 2
December 22, 2022
Solved

Copyright income

  • December 22, 2022
  • 3 replies
  • 37 views

The TurboTax help screen indicates that "Income from copyrights ... would be considered investment royalties".  I have a very small amount of income from a textbook from a German publisher so there is no 1099 from.  How do I enter this income in TurboTax?

Best answer by Critter-3

It is a royalty ... it goes on the Sch E even if you have no 1099 for the income.  In the income section look for this ...

 

 

 

3 replies

Level 15
December 23, 2022
Level 2
December 26, 2022

Although this is excellent information, it does not answer the question.  To rephrase the question, "If I decided that the royalty income does not need to be treated as business income, and I have no 1099 form for the income, where do I report it in Turbo Tax?"

Critter-3
Critter-3Answer
Level 15
December 26, 2022

It is a royalty ... it goes on the Sch E even if you have no 1099 for the income.  In the income section look for this ...