Answered: QBI

orrockcpa1 · ‎03-28-2019

Is oil&gas royalty income QBI?

itonewbie · ‎03-28-2019

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.

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Still an AllStar

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itonewbie · ‎03-28-2019

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.

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Still an AllStar

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