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Dorchester Minerals LP Message Board

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  • rudfox rudfox Mar 14, 2006 10:02 AM Flag


    Maybe I was mis-remembering for Dorchester Minerals last year, and
    I was thinking back to Dorchester Hugoton.

    Here is where I think things go:

    K-1 line (item) -> schedule- line
    K1-7 (royalties) -> sched E- 4
    K1-20(Q)(3) -> (schedule- Total Depletion) -> sched E- 20(b)
    K1-5 (interest) -> sched B- 1(another line)
    K1-13(I) (Expenses) -> sched E- 18

    I am curious as to why depletion is K1-20(Q) )rather than K1-20(M).
    Calling it K1-20(M) may help the tax programs to route it to schedule E-20.

    I note that the "2005 Partner Tax Reporting Information is pretty
    good at explaining line 20(Q) information. I don't know where
    K1-20(Q)(2) -> (schedule- Depletion in excess of basis) would go,
    but I suspect it is used if filling out AMT.

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