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Rob010
New Member

I have royalty income from an oil and gas lease . I have been able to deduct the transportation fees as other expenses. where do i enter this expense this year?

 
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NicoleU
New Member

I have royalty income from an oil and gas lease . I have been able to deduct the transportation fees as other expenses. where do i enter this expense this year?

You may deduct your transportation fees as other expenses, please see the following:

  • Once you are on your Review Your Royalty Summary page
  • Expenses, click Start/ Update
  • Enter Common Expenses, click Continue
  • Report Mortgage Interest, click Done
  • Any Other Interest Paid?, click Continue
  • Any Other Expenses?, type in your description and amount paid





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1 Reply
NicoleU
New Member

I have royalty income from an oil and gas lease . I have been able to deduct the transportation fees as other expenses. where do i enter this expense this year?

You may deduct your transportation fees as other expenses, please see the following:

  • Once you are on your Review Your Royalty Summary page
  • Expenses, click Start/ Update
  • Enter Common Expenses, click Continue
  • Report Mortgage Interest, click Done
  • Any Other Interest Paid?, click Continue
  • Any Other Expenses?, type in your description and amount paid





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