Rental or Royalty Income

What is Rental or Royalty Income?

Rental or Royalty Income meaning

The amount someone pays you to use your property, after you subtract the expenses you have for the property. Royalty income includes any payments you get from a patent, a copyright, or some natural resource that you own.

For more information, see IRS Publication 17, chapter 9.

 

reference: Healthcare Glossary

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