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View Full Version : How does a gas lease affect my taxes?


WILDFLOWER57
Nov 6, 2011, 11:21 AM
How does a gas lease affect my taxes... how is it declared in pa?

AtlantaTaxExpert
Nov 7, 2011, 03:38 PM
Gas lease payments are (I believe) treated a royalty payments, which are reported on Schedule E on the federal return.

I believe that the Pennsylvania return also treats royalty payments on a PA version of Schedule e as well.