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QBI

Highlighted
Level 1
last updated ‎March 28, 2019 1:38 PM

Is oil&gas royalty income QBI?

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Highlighted
Level 15
last updated ‎March 28, 2019 1:38 PM

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.

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1 Reply 1
Highlighted
Level 15
last updated ‎March 28, 2019 1:38 PM

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