How do I know if the royalty is subject to depletion?

Connect With Us

How do I know if the royalty is subject to depletion?

Royalties earned from oil and gas properties or other natural resources are usually considered depletable royalties and subject to depletion.

Ensure Accuracy and Save Time

After you finish your federal tax return, your information will accurately and automatically transfer into your state return. Just answer a few state specific questions, and you're done.

CompleteTax State is only $39.95 and includes: