Are Book Royalties Taxable? Book royalties are taxable income and should be included on your tax returns for money received greater than $10. Authors DO NOT need to send their 1099 form with their tax return. The 1099 form is for your records and lets you know the amount the publisher has reported the Internal
Are Book Royalties Subject To Self-employment Tax? Are book royalties subject to self-employment tax? Author’s Royalty Income from Publishing Contracts Was Subject to Self-Employment Taxes. The Tax Court held that all of an author’s royalty income derived from her contracts with publishing companies was allocable to her trade or business of writing and was therefore