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BAWS
Level 1

On the 1099-Misc -oil royalties I received, do I show the amount of taxes if in a non numbered box in the Other Taxes? On monthly reports shown as Owner's Taxes?

 
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On the 1099-Misc -oil royalties I received, do I show the amount of taxes if in a non numbered box in the Other Taxes? On monthly reports shown as Owner's Taxes?

Yes, if you know the amount shown is for taxes on your royalties and they were included in your Gross Royalty income, then you may deduct them as Other Taxes.

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On the 1099-Misc -oil royalties I received, do I show the amount of taxes if in a non numbered box in the Other Taxes? On monthly reports shown as Owner's Taxes?

Yes, if you know the amount shown is for taxes on your royalties and they were included in your Gross Royalty income, then you may deduct them as Other Taxes.

BAWS
Level 1

On the 1099-Misc -oil royalties I received, do I show the amount of taxes if in a non numbered box in the Other Taxes? On monthly reports shown as Owner's Taxes?

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