I have four state gold claims in Alaska totaling 160 acres.
This year I leased the claims to an individual. Operations should begin within
the next couple weeks.
The lease provides a royalty to me of 15% of all production up to 200 ounces and
What must I do to satisfy the IRS on production royalties? What forms will I need to
I've been mining/prospecting for several years, but this is the first year I've leased out
Thanks for any help/info you can provide.
Norm in Alaska