How do I deduct the 15% depletion for oil royalties in Turbo Tax Business?

posted

Connect with an expert

1 Reply

How do I deduct the 15% depletion for oil royalties in Turbo Tax Business?

You can deduct under 'All other Expenses'. Enter the description and amount.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post