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How are royalty income and expenses from book publishing handled?
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Hi,
There are two ways to handle in that.
First, you would report the income and expenses on a Schedule C, if the royalty income is a usual, normal way for you to earn income from book publishing.
Secord, you report the income and expenses on the Royalty Income page, if the royalty income is a secondary, minor part of earning income as a book publisher.
