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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