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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1 Best answer
Leonard
Intuit Alumni
Jun 6, 2019 12:44:19 AM
You should use the other for your description for the royalties you received for the gravel/sand extraction from your property.
1 Replies
Leonard
Intuit Alumni
Jun 6, 2019 12:44:19 AM
You should use the other for your description for the royalties you received for the gravel/sand extraction from your property.