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New Member
posted Apr 22, 2021 6:48:54 PM

I paid royalties to operate my business. Where do I claim these on my tax return?

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1 Replies
Level 2
Nov 4, 2021 8:27:37 AM

Royalties paid are deductible expense, which reduces the your taxable income. You may claim the royalties expense on Line 23200 (Other deductions) since there are no specific deduction related to royalties paid. 

 

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