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ramitchell1a
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Is a gas lease 1099 Misc subject to Pennsylvania State Tax

I have two 1099 Misc are these taxable in the state of Pennsylvania
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‎June 1, 2019 12:16 AM
last updated ‎June 01, 2019 12:16 AM
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RichardG
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Is a gas lease 1099 Misc subject to Pennsylvania State Tax

Where do you live, and where is the property?
‎June 1, 2019 12:16 AM
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ramitchell1a
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Is a gas lease 1099 Misc subject to Pennsylvania State Tax

Leechburg Pennsylvania Armstrong County
‎June 1, 2019 12:17 AM
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RichardG
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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...

‎June 1, 2019 12:17 AM
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