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jcape
New Member

If I received income from sand/gravel extraction (reported as royalty on 1099 MISC form), is it Mineral Property or Other?

Is gravel/sand considered mineral property?  Turbo tax lists gold and silver as examples.  It also has an option that mentions oil and gas.  There is also an "Other" option.  Which should I use for royalties for gravel/sand extraction from my property?

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Accepted Solutions
Leonard
Intuit Alumni

If I received income from sand/gravel extraction (reported as royalty on 1099 MISC form), is it Mineral Property or Other?

You should use the other for your description for the royalties you received for the gravel/sand extraction from your property.

View solution in original post

1 Reply
Leonard
Intuit Alumni

If I received income from sand/gravel extraction (reported as royalty on 1099 MISC form), is it Mineral Property or Other?

You should use the other for your description for the royalties you received for the gravel/sand extraction from your property.

View solution in original post

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