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My friend sold an Inherited land with royalty rights located in Oklahoma; I am a resident of Texas.
Before my friend sold this land, he received a 1099misc royalty incomes. Does he need to file 511NR and 561 form to claim state taxes withdraw refund? and capital gain? he received a cashier check, is that his sale price? or proceed?
March 6, 2025
6:09 AM