Showing results for 
Search instead for 
Did you mean: 

Trust assets

Level 1

Trust with royalties from mineral rights was closed and the beneficiaries have created a partnership with the mineral rights assets.  Can I do distribution to beneficiaries without making it taxable?  I was told the FMV is about $800,000 based on barrels of oil expected to be produced.

0 Cheers
1 Reply 1
Level 8

I think EVERYONE would love to have tax free income.

How should royalties be handled and taxed when in a Partnership?

0 Cheers