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I had mineral rights lease income this year, paid 3 years in advance. i listed the total amount but will zero income next two years cause a problem?

 
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I had mineral rights lease income this year, paid 3 years in advance. i listed the total amount but will zero income next two years cause a problem?

You are a cash basis taxpayer so report income when received.  Which you are doing.

Just document your tax file as to what took place, should they ask you.

It is however very common for oil or other minerals to produce one year and not the next.

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I had mineral rights lease income this year, paid 3 years in advance. i listed the total amount but will zero income next two years cause a problem?

You are a cash basis taxpayer so report income when received.  Which you are doing.

Just document your tax file as to what took place, should they ask you.

It is however very common for oil or other minerals to produce one year and not the next.

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