Trying to do my taxes…I’ve sold permanent right of way access on my lease. Apparently you have to fill out a profit/loss sheet to report the earnings. Would this count as a loss since they now own that right of way?
Trying to do my taxes…I’ve sold permanent right of way access on my lease. Apparently you have to fill out a profit/loss sheet to report the earnings. Would this count as a loss since they now own that right of way?