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ramitchell1a
New Member

Is a gas lease 1099 Misc subject to Pennsylvania State Tax

I have two 1099 Misc are these taxable in the state of Pennsylvania
3 Replies
RichardG
New Member

Is a gas lease 1099 Misc subject to Pennsylvania State Tax

Where do you live, and where is the property?
ramitchell1a
New Member

Is a gas lease 1099 Misc subject to Pennsylvania State Tax

Leechburg Pennsylvania Armstrong County
RichardG
New Member

Is a gas lease 1099 Misc subject to Pennsylvania State Tax

Yes.  There is not exception the state's income tax for income from mineral rights or gas leases.  Moreover, it appears the the state does not allow a deduction for depletion, which will impact your state taxes.  I suggest following the links below for more information. 

https://www.picpa.org/articles/cpa-now-blog/cpa-now/2015/01/30/tax-issues-for-pennsylvania-gas-lease...

http://www.revenue.pa.gov/GeneralTaxInformation/TaxLawPoliciesBulletinsNotices/Documents/Information...

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