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    WILDFLOWER57's Avatar
    WILDFLOWER57 Posts: 1, Reputation: 1
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    #1

    Nov 6, 2011, 11:21 AM
    How does a gas lease affect my taxes?
    How does a gas lease affect my taxes... how is it declared in pa?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    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.
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