Find the Right Tax Product

Compare 2012 Tax Products and estimate your price with our pricing tool. Start Now

Royalty Income

Payments made by a “licensee” to a “licensor” for the use of an asset (e.g. artistic or literary works, patents, mineral rights, or intellectual property rights). Often, royalties can be determined as a percentage of net sales made by the use of an asset or percentage of the fixed price of a unit, but depending on the parties involved, it may be calculated through varying terms.

Also called Royalty Interest or Royalties.