Darlene is a full-time author and recently published her third romance novel.The royalty income she receives from the publisher this year should be reported on what schedule?

Question

Quizplus · Accepted Answer

Schedule C is used by sole proprietors to report income or loss from a business. As a full-time author, Darlene would report her royalty income on Schedule C, as it is considered self-employment income from her business of writing.

Darlene Is a Full-Time Author and Recently Published Her Third