Royalties: What they are and how they are reported and taxed.
6:06
YouTubeThe Tax Geek
Royalties: What they are and how they are reported and taxed.
When someone makes money from the use of your tangible or intangible property you receive taxable royalty payments. This video explores the two different ways royalties can be treated for tax purposes, and shows you how to report royalties that are not specifically related to business income. To learn more about Self-Employment Tax, click here ...
3K viewsMar 24, 2024
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