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Fed_Up
February 5, 2023
Question

I have a 1099-MISC for book royalties. This is not self-employment income. How do I report it?

  • February 5, 2023
  • 1 reply
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These royalties are for a book I wrote over 10 years ago. Turbo Tax defaults to self-employment when you enter a 1099-MISC, but I'm NOT self-employed. How do I report this income?

    1 reply

    CatinaT1
    CatinaT1
    February 6, 2023

    You are a business in the IRS's eyes.   

     

    You do not have to carry on regular full-time business activities to be considered self-employed. You will file this income on Schedule C.

     

    To file a Schedule C, here are the steps: 

    1. Sign in to your account and select Pick up where you left off 
    2. At the right upper corner, in the search box, type in schedule C and Enter  
    3. Select Jump to schedule C  
    4. Follow prompts, you might be prompted to an upgrade if you have expenses 

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