ravichosun
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Ok. Thanks. So if my designation were General Partner, do I still need to meet requirements for material participation in order to deduct from active income?
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Loss from working share of oil and gas wells should be deductible from ordinary income."Active vs. Passive IncomeThe tax code specifies that a working interest ...
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- Posted Re: intangible drilling costs on schedule K-1 on Get your taxes done using TurboTax. April 13, 2021 11:17 PM
- Posted Re: intangible drilling costs on schedule K-1 on Get your taxes done using TurboTax. April 13, 2021 5:18 PM
- Posted intangible drilling costs on schedule K-1 on Get your taxes done using TurboTax. April 13, 2021 1:57 PM