WebMar 15, 2024 · The royalty amounts on your 1099 cover everything you earn before any fees or commissions. If you have a literary agent who takes 10 percent, you may notice that … Webroy· al· ty ˈrȯi (-ə)l-tē plural royalties 1 : royal status or power 2 : royal character or conduct 3 : members of a royal family 4 a : a share of a product or profit (as of a mine) claimed by the owner for allowing another to use the property b : a payment made to the owner of a patent or copyright for the use of it Legal Definition royalty noun
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