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Level 1
March 28, 2019

QBI

  • March 28, 2019
  • 1 reply
  • 9 views

Is oil&gas royalty income QBI?

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1 reply

itonewbie
Level 15
March 28, 2019

Oil and gas royalties are generally portfolio investment income and should not be eligible for §199A.  If your client receives payment for working interest, that would be another story.

---------------------------------------------------------------------------------Still an AllStar