Assertion: royalty | /r/HasProperty | taxable
Facets:
value: in the year
type: TEMPORAL
value: as ordinary income
type: OTHER
Source sentences:
text: Royalties from copyrights, patents, and oil, gas, and mineral properties are taxable as ordinary income.
text: Like other forms of payment in a business, royalties are taxable income and also a business expense.
text: Royalty is taxable in the year it is due and payable.