Skip to main content
Level 5
October 10, 2026
Question

sch c, sch e , or misc income ?

  • October 10, 2026
  • 5 replies
  • 42 views

taxpayer is a psychologist, files sch c. Just wrote a book, not related to her profession. Gets royalty income and has expenses. Where is the proper place to record income and expenses?

    5 replies

    sjrcpa
    Level 15
    October 10, 2026

    An additional Schedule C

    The more I know the more I don’t know.
    bandb2Author
    Level 5
    October 10, 2026

    According to AI, if only a one time thing, Schedule E. If a professional author operating as a business, Schedule C. Key question is whether the book activity constitutes a separate trade or business, including marketing, speaking , regular publishing, which shifts to a Schedule C.

    sjrcpa
    Level 15
    October 10, 2026

    Discuss it with your client and determine Sch C or E

    And don’t take tax advice from AI or strangers on the internet.

    The more I know the more I don’t know.
    bandb2Author
    Level 5
    October 10, 2026

    Trust, but Verify !