Yardley CPA Posted March 11, 2021 Report Posted March 11, 2021 Amazon reported $23.64 in Royalties to client on a 1099-Misc. It will not link to other income, only a Schedule C. Is that really the route I have to take for this?? The information I have is it pertains to Kindle Direct Publishing. Client does not have any type of business and while I will find out more, I'd like to just reflect it as other income. Quote
Lee B Posted March 11, 2021 Report Posted March 11, 2021 If it was reported on a 1099 Misc,it's not SE Income because if it was it would have reported on a 1099 NEC ? Quote
TexTaxToo Posted March 11, 2021 Report Posted March 11, 2021 2 minutes ago, cbslee said: If it was reported on a 1099 Misc,it's not SE Income because if it was it would have reported on a 1099 NEC ? Not necessarily. Royalties are reported on 1099-MISC, but if the taxpayer is self-employed as an author, song-writer, etc. they would file a Schedule C and include the income there, not on Schedule E. 2 Quote
Terry D EA Posted March 14, 2021 Report Posted March 14, 2021 Yep, I totally agree. I have a self-employed author that files a Sch C each year. Quote
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