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How to enter taxes paid related to oil lease royalties
We received royalties from an oil and gas lease in Texas in 2021. My question is about where to enter the taxes paid that are associated with this lease.
- The 1099 shows that $330 were paid as Production taxes. Although it is shown on the 1099 it is not associated with a "box number", so I have no way of entering theses taxes.
- Parker County, where the wells are located, also sends us a tax bill which we paid in 2021. Where do I enter these taxes paid?
Schedule E line 16 has a line for tax expense.
Do I have to switch to the desktop version to access Sch E directly? Or is there a page somewhere in the online version where I can enter this info?
Thanks
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‎February 15, 2022
12:47 PM