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It sounds like a payment from a seismic permit request, which might have involved use of dynamite or a “thumper” truck on the taxpayer’s land. You could call it rent, or just “other income.”
Line 1 or line 7 sounds like potential landing spots - depends on what the nature of their business is.
Real Estate -
they have royalties mainly, rent some land, timber
This is a new thing. Just not sure if it would need to go on the 1065 pg 1 income or
the other income on the Sch. K. line 11, other income. It's a one time thing.
It sounds like a payment from a seismic permit request, which might have involved use of dynamite or a “thumper” truck on the taxpayer’s land. You could call it rent, or just “other income.”
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