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Amazon will send you a 1099 that will identify the amount of royalties that they paid you. If you are just now starting, I would strongly recommend setting aside at least 30% of everything you earn in royalties as soon as you receive it. You are now considered self-employed, and the self employment tax as 15% of your royalties, and the Social ...

No, you don't need to set up a business to self-publish a book. In the U.S., royalty income and all related expenses to publishing the book (e.g. paying a graphic designer to create a cover, advertising, travel expenses for a book tour, etc.) are reported on Schedule C of your personal tax return. EDIT Regarding Social Security and Medicare taxes, you ...

According to the Publishing FAQ I found on Amazon, customers have to specifically request the new version: If you’ve already purchased your book and subsequently revise the content and re-publish the updated version, you don’t need to re-purchase the book to get a copy. At this time, it’s not possible for publishers to receive the updated file without ...

Actually, if you contact KDP Support, they will send out an e-mail to all customers who have already purchased your book to let them know that there is a new version available. They will send an e-mail to the people who have already purchased the book which directs them to respond to the e-mail with the word "Yes" in the first line of the response message. ...