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Old 04-13-2009, 10:33 AM
 
5 posts, read 35,263 times
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Rental income is non-taxable for local income purposes. What about royalties (from copyright, patents, etc.)? Both are passive income -- you don't actively participate in order to receive the income. Also, Schedule E in the federal tax return lists both rental and royalty payments as passive income! Does anyone have a clue? Royalties are not mentioned at all as taxable or non-taxable in any of the local earned income tax return instructions I have read. Suspicious loophole here? Thanks.

Last edited by jeanboy; 04-13-2009 at 11:35 AM.. Reason: added additional details
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Old 04-15-2013, 11:16 AM
 
1 posts, read 4,945 times
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From: [url]http://www.pamunicipalservice.com/taxforms/1.pdf[/url]
"The net profits received from royalties is taxable as net profits for local earned income tax purposes when such royalties are required to be reported as "Net Income or Loss from the Operation of a Business,
Profession, or Farm" for Pennsylvania personal income tax. "Net profits" does not include income which is not paid for services provided and which is in the nature of earnings from an investment."
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