Re:I earned $160k in passive income from writing non-fiction...
by junar on Thursday April 28, 2022 @08:04PM
(#31199758)
This article is about books. Book royalties are generally considered self-employment income, not passive income, under the tax code.
> 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 (Form 1040).
> 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 (Form 1040).
https://irs.gov/publications/p525#en_US_2021_publink10002292...