Free Consultation|USA Only +1 (866)754 4460|Outside USA +1 (516)822 3100 or +1 (631) 623 5100

You are here : Home > Services > Income Tax Filing Across The USA

Knowledge Center

Helpful Articles

First-Time Homebuyer Credit Closing Deadline Extended to September 30, 2010!

How can I choose filing status to file income tax return?

Difference Between Wages, Salaries & Tips!

Ready to Order

View All Income Tax Filing Across The USA Articles

Glossary

TESTIMONIALS

Our Customers Views

CEO Message

Welcome to our website. I hope you find this information right for you.

Where should I report income received from royalties?

Where should I report income received from royalties?I

Existing customers please login to check the status of your order at Infotax Square Login here

(0)

0/5 stars (0 vote)

Category : > Income Tax Filing Across The USA

Posted On : Tue Oct 06th,2009

Where should I report income received from royalties?I

Royalties

Royalties from copyrights, patents, and oil, gas and mineral properties are taxable as ordinary income.

You generally report royalties in Part I of Schedule E (Form 1040), Supplemental Income and Loss. However, if you hold an operating oil, gas, or mineral interest or are in business as a self-employed writer, inventor, artist, etc., report your income and expenses on Schedule C or Schedule C-EZ..

InfoTaxSquare helps filing Income Taxes in all fifty states. If you need our services please click order now button or for additional information read more. For live assistance can be called at +1 (866)754 4460 or email at support@infotaxsquare.com. 24/7 online help is available!