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When reporting mineral royalties, do I enter the true net royaltis I received or the gross royalty reported in box 2?
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When reporting mineral royalties, do I enter the true net royaltis I received or the gross royalty reported in box 2?
You report the gross in Box 2 and then claim expenses for the difference in the gross and the amount actually received.

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When reporting mineral royalties, do I enter the true net royaltis I received or the gross royalty reported in box 2?
You report the gross in Box 2 and then claim expenses for the difference in the gross and the amount actually received.
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