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dwcoons
New Member

Does the state tax withholding on oil royalty income, on form 1099 misc., count as an expense?

 
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Leonard
Intuit Alumni

Does the state tax withholding on oil royalty income, on form 1099 misc., count as an expense?

No the state tax withholding on oil royalty income is not an expense.  However, if you are able to itemize your deductions then you can deduct the taxes on Schedule A

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