eredien: Dancing Dragon (Default)
Eredien ([personal profile] eredien) wrote2009-04-11 06:12 pm

Open Question for Writers re: Taxes

I've just filed my taxes, and reported income from writing.

How do the rest of you, who might not write for a living but occasionally make money at it, report your income from writing?

In other news, I found out that even though I am still not eligible to itemize my deductions, I can save the deductions for up to 5 years and take them all at once should I become eligible.

Now all I have to do is become eligible in the next 5 years...

[identity profile] friode.livejournal.com 2009-04-13 02:23 am (UTC)(link)
My vague recollection is that the tax code has this concept of royalty income in some weird tax schedule somewhere that I've never dealt with. It wouldn't surprise me if writing income were supposed to go there.