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    Hey,

    My client wrote a couple of books last year and she has expenses against no income in 08.

    When she generates income (hopefully in 90), it will be royalties on Sch E.

    Do I take the expenses on the Sch C for actually writing, editing and other expense, then the income on Sch E?

    edit:

    After reading TTB, I see that I can take the expenses on the Sch C and the income will also be Sch C subj to SE tax.

    I answered my own question, unless you have some secrets I do not know!
    Last edited by Possi; 03-25-2009, 01:42 PM.
    "I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey

    #2
    Possi

    See if the links I posted the other day will be of help. Both links are good. Hopefully, one will help you.

    Primary Forum for posting questions regarding tax issues. Message Board participants can then respond to your questions. You can also respond to questions posted by others. Please use the Contact Us link above for customer support questions.


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