write about royalties relating to mining

Tips on Reporting Natural Resource Income Internal Most taxpayers report royalty payments received as royalty income on Schedule E Depletion Deduction Depletion is the using up of natural resources by mining -write about royalties relating to mining-,Publication 535 Business Expenses Mineral PropertyMineral property includes oil and gas wells mines and other natural deposits including geothermal deposits For this purpose the term property means each separate interest you own in each mineral deposit in each separate tract or parcel of land ……

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