ToddL99
Expert Alumni

Get your taxes done using TurboTax

@JeffreyR77 's response gave the correct way to report your old and gas royalty income.

 

Royalty payments (book, movie or oil & gas) must be reported on Schedule E.

 

You do have to provide an address, but it can be the address of the exploration/production company that sent you the payments. If you happen to have the actual address of the lease, that is fine, but it is not necessary.

 

And while you may not "own" the property, you do own an interest in the property's underlying natural resources (i.e. oil & gas).