Report your oil well income as royalty income. The zip code is not necessary for your tax return, but you will need to enter a zip code that matches that state the property is located in to e-file without error. As long as you use a zip code in the same state, you won't get an error.
TurboTax follows the IRS guidelines for acceptable ZIP codes. If the two-letter state abbreviation doesn't match the ZIP code, you'll receive an error when attempting to e-file.
Solution
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