To enter royalty income in the TaxAct program:
Complete Schedule E (Form 1040) (if you need help accessing Schedule E, go to our Schedule E - Entering Rental Property in Program FAQ):
Royalty income is generally reported on Schedule E; however, if you are in business as a self-employed writer, inventor, artist, etc., report your royalty income and expenses on Schedule C (Form 1040) Profit or Loss From Business (if you need help accessing Schedule C, go to our Schedule C - Entering Sole Proprietorship in Program FAQ).
After you complete Schedule E (or Schedule C), you can report royalty income that was reported to you on Form 1099-MISC (if you need help accessing Form 1099-MISC, go to our Form 1099-MISC - Entering in Program FAQ):
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.