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If you received royalties for intellectual property that you created (songwriting, books, etc) you report this income on Schedule C, as a business. You can claim expenses that you incurred in that business, but in TurboTax online, you need TurboTax Self-Employed to handle this situation.
Any CD/Download Product can also handle royalty income and expenses.
If you received royalties for intellectual property that you created (songwriting, books, etc) you report this income on Schedule C, as a business. You can claim expenses that you incurred in that business, but in TurboTax online, you need TurboTax Self-Employed to handle this situation.
Any CD/Download Product can also handle royalty income and expenses.
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