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I purchased oil rights from my mother's estate in 2007. I
I purchased oil rights from my mother's estate in 2007. I sold them in 2017. How do I show this on my taxes? … read more
Tax.appeal.168
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I sold mineral rights in Oklahoma last year and received a
Second opinion] I sold mineral rights in Oklahoma last year and received a 1099-Misc form from the purchasing mineral company. I reported that sale using form 4797, showing the sale price and the cost… read more
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I sold a photograph from my collection in January 2016. For
Hello. I sold a photograph from my collection in January 2016. For my 2016 taxes, I would like to classify this sale as a sale of a collectible and pay the 28% tax. Unfortunately, the dealer I sold it… read more
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We have sold mineral interest and will receive form 1099m
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How do I report the sale of mineral rights (***** ***** Cty,
How do I report the sale of mineral rights (***** ***** Cty, OK) to the IRS? … read more
Lev
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yes, I think so, it really has a lot of twist and turns about
yes, I think so, it really has a lot of twist and turns about timber, can you answer questions about 1099-S?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I sold mineral rights to 1/8th of an acre which were
I sold mineral rights to 1/8th of an acre which were inherited many years ago but I was only informed of it in Spring of 2014. What I sold was a lease which I did not sign and the transaction relinqui… read more
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Having sold Mineral Rights on two properties to two different
Having sold Mineral Rights on two properties to two different purchases thru a common broker, I would think I should receive an IRS Form from either the broker/agent or grantees on the mineral deed. T… read more
Robin D.
Robin D.
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I received a 1099-s sale of my mineral rights. Where
I received a 1099-s for the sale of my mineral rights. Where does this go on my tax return?… read more
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Lev
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Hello Robin, I inherited in 1992 mineral rights which I sold
Hello Robin, I inherited in 1992 mineral rights which I sold last year. I received a Form 1099MISC showing only the value of the proceeds from the sale. Since this was the sale of 1231 property as I u… read more
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Hi- Im using TurboTax so please someone with TurboTax experience:
Hi- I'm using TurboTax so please someone with TurboTax experience: Helping my parents with their taxes- They received a Grantor Letter from a Trust which is a Reit Liquidating Trust. Previous advice i… read more
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I received a 1099-MISC from an oil company showing a larger
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Got my 1099-C for short sale in 2012.....I have always done
Got my 1099-C for short sale in 2012.....I have always done my own taxes, but I need help here. Need to know what forms for this. So far, my research shows 982 and 4797? Bought in 2007, sold in 2012. … read more
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i just recieved a 1099-B for the first time and dont know
i just recieved a 1099-B for the first time and don't know how to report that using RapidTax.com I just called Rapidtax.com and they told me to go to the irs and download the 1099B form, fill it out a… read more
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My husband inherited some mineral rights in Oklahoma from his
My husband inherited some mineral rights in Oklahoma from his sister. We sold those rights and received a 1099-misc for the money we received. I do not know how to put this income on my taxx return wi… read more
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I bought and sold a Publicly Traded Partnership, which at the
I bought and sold a Publicly Traded Partnership, which at the time looked like a regular ETF to me. The sale shows up on form 1099-B from my broker, which I imported into Schedule D. But I also receiv… read more
jgordosea
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I am a full time resident of North Carolina but received a .
I am a full time resident of North Carolina but received a 1099 Misc stating "for the state of Georgia" that shows GA state income tax withheld. I use turbotax. How do I report this on my federal and … read more
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