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New Member
posted Apr 15, 2022 9:00:49 PM

Do i even need to report my .00016176 mineral interest?

I don't own a percentage of the company, only mineral interest.

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1 Replies
Expert Alumni
Apr 16, 2022 9:13:06 AM

It depends on how much income that ownership produces. If you receive a tax form, probably 1099-MISC for it, yes, you do need to report it. 

 

If you do not get a tax form and the amount is less than $1, you don't need to report it.