Royalties Tax Question

Royalties Tax Question

Royalties Tax Question

Under contract for using a prodcut a company requires a 25% royalty payment be issued for sales where the product is involved.

Are the funds that are paid considered a tax deduction for a business?

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Royalties


(Houston)

My father passed away last year and he is an author of a textbook. I still receive royalties from his book. Do I put this on my tax return as income?

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