is there no tax liability to the invester in PBT. Is this Tax free
lizajust wanted to note that i stumbled on to you and find you to be an interesting poster that i intend to study. thanks for your thoughtful contributions to the message board worlddaytime
Of course not. Royalties are taxed at high ordinary income rates. However due to depletion allowances much of the distributions in your first years of holding may have the taxes deferred until you sell.
Anyone know where to download the "2011 Tax Information" booklet for Schedule E filling ?