Can income on Quickbooks Self-Employed be set to Royalties? I get royalty payouts every quarter and found out they're taxed differently from earned income.

Good to see you here in the Community, @AnthonyJharee.

We can split the transaction in QuickBooks Self-Employed (QBSE). Record the first transaction as income and the other half as an expense.

I'd also recommend seeking assistance from your accountant so they can guide you in choosing the correct category. It will help your books be accurate.

I've added this link about using the Schedule C form to report your QBSE income and expenses: Schedule C and expense categories.

Please let me know if you have other questions about royalties in QuickBooks. I'm always here to help. Take care.

I appreciate the reply. This doesn't really solve the issue I have. I don't exactly know how royalties are taxed percentage wise so it'd be a shot in the dark to split up the transaction. I'm assuming the answer to my question is no. I also don't have an accountant as that would defeat the purpose of having QuickBooks in the first place.