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  • #1

    Bragging on my boyfriend

    Back in October, Boyfriend published his first book on Amazon Kindle Direct. We just got the first royalty check from it. Holy FUCK , over $5000. That's not a typo. Over five thousand dollars. On the first check. I could get used to this. And as his editor, I get 10% of his royalties.
    You're only delaying the inevitable, you run at your own expense. The repo man gets paid to chase you. ~Argabarga
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  • #2
    Don't forget to set some aside for taxes. You wouldn't want to end up owing would you?
    I'm trying to see things from your point of view, but I can't get my head that far up my keister!

    Who is John Galt?
    -Ayn Rand, Atlas Shrugged

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    • #3
      Good point Considerably more if you file as a 1099/self-employed...>_> But that would be Karl's area of expertise.

      Congrats, Kittish (yeah, yeah, and yer BF, too)!!
      "For a musician, the SNES sound engine is like using Crayola Crayons. Nobuo Uematsu used Crayola Crayons to paint the Sistine Chapel." - Jeremy Jahns (re: "Dancing Mad")
      "The difference between an amateur and a master is that the master has failed way more times." - JoCat
      "Thinking is difficult, therefore let the herd pronounce judgment!" ~ Carl Jung
      "There's burning bridges, and then there's the lake just to fill it with gasoline." - Wiccy, reddit
      "Retail is a cruel master, and could very well be the most educational time of many people's lives, in its own twisted way." - me
      "Love keeps her in the air when she oughta fall down...tell you she's hurtin' 'fore she keens...makes her a home." - Capt. Malcolm Reynolds, "Serenity" (2005)
      Acts of Gord – Read it, Learn it, Love it!
      "Our psychic powers only work if the customer has a mind to read." - me

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      • #4
        Already taken care of, half of the royalties Boyfriend gets are being set aside for taxes (and will continue to be with all future royalty checks), and he's planning on talking to the HR folks where he works to increase the deduction from his regular checks just so we don't turn up any nasty surprises. Thanks for the reminder, though, taxguykarl.

        I'm just so proud of him, and kind of in shock. I expected his books to do halfway decently but that just blew us both out of the water. And if I've understood Amazon's royalty payment policy correctly that check was JUST for October.
        You're only delaying the inevitable, you run at your own expense. The repo man gets paid to chase you. ~Argabarga

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        • #5
          That's amazing!

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          • #6
            Awesome! That's a whole lotta copies sold...
            “There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged.
            One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world.
            The other, of course, involves orcs." -- John Rogers

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            • #7
              ... and then there's the other 10% off the front for being his agent ...
              I am not an a**hole. I am a hemorrhoid. I irritate a**holes!
              Procrastination: Forward planning to insure there is something to do tomorrow.
              Derails threads faster than a pocket nuke.

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              • #8
                Oh, nice!

                ...any possibility of a link? ;D

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                • #9
                  Damn, that's excellent! Congrats!!
                  When you start at zero, everything's progress.

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                  • #10
                    Valentinian- I PM'd you the link.

                    Thanks guys.
                    You're only delaying the inevitable, you run at your own expense. The repo man gets paid to chase you. ~Argabarga

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                    • #11
                      *rubs hands together* Looks iiiiinteresting, lines up with my interests and it's cheap! Win-win!

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                      • #12
                        Quoth EricKei View Post
                        Good point Considerably more if you file as a 1099/self-employed...>_> But that would be Karl's area of expertise.
                        You're on the right track, Eric. Amazon reports their royalty payments on Form 1099...cc'ed to the payees and IRS.
                        The payees report royalty income on Schedule E.
                        I'm trying to see things from your point of view, but I can't get my head that far up my keister!

                        Who is John Galt?
                        -Ayn Rand, Atlas Shrugged

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