I entered the information into Turbo Tax software at the advice of their expert advisor. I hope that was right.
I spoke with a Turbo Tax advisor by phone a day or so ago. She suggested that perhaps some other income from other sources might have lost tax coverage when the wells shut down. She said that Turbo Tax won't look at this now, as it has been too long, unless I get audited. She did say that if a tax preparer I hire finds an error, Turbo Tax guarantees the accuracy of my return and would refund the difference.
I can't find anything called a Form 1065 in my collection of records. I got a PDF attachment to a letter that had a subject line, "Year End Tax Report for 2017." It appears to contain information that is similar to the form you describe. The first line of the letter states, "The purpose of this letter is to relay information relating to your investments in well(s) drilled and operated by...." Number Five of the instructions says, "Operating expenses incurred from the operation of the well during 2017 should be listed in Part V of Schedule C and carried to line 27 of Schedule C as Working Interest Expenses." Apparently, they sent a 1099, but I don't see that, either, right now. I can only say that I received NO money, at all, in any way from this company.
