mhlester
Level 3

Thank you very much, qbteachmt,

That site is very helpful, and your summary is great.

In this case, the taxpayer was in the business of creating property subject to residuals and royalties but is no longer active in the business and the income is paltry. I haven't filed a schedule C in years. Since the amount is not material, I will save this solution for an active situation.

0 Cheers