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J
jhinstorff
April 8, 2025
Question

My return is hung up because of $26 royalty income brought in with my Fidelity investment income. How can I resolve this issue?

  • April 8, 2025
  • 1 reply
  • 0 views
It wants me to enter this information in Schedule C or Schedule E, but neigher seems to be appropriate.

    1 reply

    PatriciaV
    PatriciaV
    April 9, 2025

    Your best option is to set up a Schedule E Royalty Property to report this income to avoid self-employment taxes. If the broker failed to provide more information on the source of these royalties, you may need to request clarification. 

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