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Get your taxes done using TurboTax
you owned an interest in a royalty trust. it's always a grantor trust so you are treated as the owner of your interest. it makes monthly distributions. the broker may be reporting the info which gets entered on schedule E page 1 as royalty type income. you'll likely have gross royalties, severance taxes administrative fees and then possibly depletion. some brokers will defer reporting to the trust which will send you a tax package.
i have provided a link to its 2020 tax package. read carefully
‎February 21, 2021
11:37 AM