Over the last 4 years I have been quasi "house hacking" (hopefully I don't have to pay any type of royalties to use that term) buying homes that are less than appealing, fixing them up, renting them for top dollar, and moving on to the next.

Earned income is net earn­ings from self­employment, discussed later, from a business in which your services materi­ally helped to produce the income.You can also have earned income from property your personal efforts helped create, such as royalties from your books or inventions.

I know it sounds like smoke and mirrors now, but bookmark this thread and pay me my royalties in the future.J.

Retirement income includes pensions and annuities, interest, dividends, net income from rental propertyimage: http://images.intellitxt.com/ast/adTypes/icon1.png, capital gains, royalties, pensions, annuities, and the first $4,000 of earned income, such as wages.

The song wasn't written for us specifically -- we purchased it from a site offering royalty free use of it back when we started.  

I have reviewed this part of the Rentals and Royalties WorksheetMy Questions are – using the scenario above”On line 6 – if you still have the property but are now a Real Estate Professional would that count as “disposing of the “Passive Activity””, and you should check that box?

I have reviewed this part of the Rentals and Royalties WorksheetMy Questions are – using the scenario above”On line 6 – if you still have the property but are now a Real Estate Professional would that count as “disposing of the “Passive Activity””, and check that box?

I thought about that , and I see people doing it here and there ,here is what i see , they have a proven system , experience to help and advice , hard money for short term financing and long term financing ,if needed ,for a royalty fee at time of sale .... 

@Mark Creason, most working and royalty interest rights in minerals oil and gas are considered like kind to real estate and you can 1031 between. 

We have a guest speaker talking about music royalties.