"Dick Adams" <rdadams[at]smart.net> wrote

- quote -

It's probably more like royalty income instead of other
income, but the tax implications are the same. If she were
actively promoting and selling the book, or still writing
other books, or editing that book for newer versions, then
schedule c is appropriate.

--
Paul Thomas, CPA
paulthomascpapc[at]bellsouth.net

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We have discussed this before and I want to check to see if
my understanding is still correct.

Susan wrote a book that was published in 1991. It had one
printing of 1,000 copies which have all been sold. She has
not written a second book.

Because a few professors copy pages out of her book for
readings, she continues to get checks from a copy service.
Because this is her one and only book, these checks are
OTHER INCOME and do not go on a Schedule C.

Although the tax consequence is less than $15, I need to
know if this is still correct?

You have to understand that Susan is a direct descendant of
the Grand Inquisitor and one of her favorite pasttimes is
interrogating me.

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