orrockcpa1
Level 1
03-28-2019
01:38 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Is oil&gas royalty income QBI?
Solved! Go to Solution.
1 Solution
Accepted Solutions
itonewbie
Level 15
03-28-2019
01:51 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
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
Still an AllStar
1 Reply 1
itonewbie
Level 15
03-28-2019
01:51 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
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
Still an AllStar