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How do I report the income from the sale of a screenplay sold after death with proceeds paid to his Trust?

LJC61
Level 1
This will be reported on Form 1041.  He also receives residuals on his writing.  Is that "Other Income" on Line 8 or Schedule E (royalties)?
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2 Comments 2
BobKamman
Level 15

What was sold -- the screenplay itself, which he wrote before death, or just the rights to a screenplay based on a different work (novel or play) that he created?  One might be income in respect of decedent, the other might be capital gain (with stepped-up basis).  

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LJC61
Level 1

The screenplay he wrote before death.  He receives residuals on other written work.

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