Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

QBI

orrockcpa1
Level 1

Is oil&gas royalty income QBI?

Labels (1)
0 Cheers
1 Solution

Accepted Solutions
itonewbie
Level 15

Oil and gas royalties are generally portfolio investment income and should not be eligible for §199A.  If your client receives payment for working interest, that would be another story.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

1 Reply 1
itonewbie
Level 15

Oil and gas royalties are generally portfolio investment income and should not be eligible for §199A.  If your client receives payment for working interest, that would be another story.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post