How is Royalty Income Taxed?

How is Royalty Income Taxed?

Before you sell mineral rights, it’s important to consider the tax consequences. Mineral rights taxes can be complicated. You want to ensure you don’t pay more in taxes then you owe. Did you know that you will save a small fortune selling your mineral rights rather than collecting royalty income? This is because royalty income is taxed at ordinary income tax rates.

More Info: https://texasroyaltybrokers.com/mineral-rights-taxes/

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