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Thread: Taxes on royalties

  1. #1

    Join Date
    Oct 2003
    Location
    Whittier, CA
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    Taxes on royalties

    Can anybody suggest resources on how to fulfill tax obligations on royalties from sales of images?

  2. #2
    Founder QT Luong's Avatar
    Join Date
    Aug 1997
    Location
    San Jose, CA
    Posts
    2,338

    Taxes on royalties

    Assuming you are in the US, and are not operating as a business, you report them as miscellenous income. You can also report
    hobby expenses up to the amount of that income (so the net effect on your tax is zero).

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