I am an agent for an estate land trust, that owns mineral rights in WV, and receives rental income from 2 gas storage wells on the property, and gas & oil royalties from part of our net mineral acreage being included in a larger pooled unit, containing 4 producing O&G wells. The net income from these items are then redistributed to the heirs of the estate. The rental income and O&G royalty income are both documented on 1099-MISC forms. Are either or both of these income items considered qualified business income?
