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You are a cash basis taxpayer so report income when received. Which you are doing.
Just document your tax file as to what took place, should they ask you.
It is however very common for oil or other minerals to produce one year and not the next.
You are a cash basis taxpayer so report income when received. Which you are doing.
Just document your tax file as to what took place, should they ask you.
It is however very common for oil or other minerals to produce one year and not the next.
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