Own mineral rights in Arkansas reside in Texas. What is our tax on royalties?
Depending on the total Arkansas royalties, you would need to file an Arkansas Non-resident tax return and pay the related income tax. Arkansas has graduated tax rates, so the tax varies and must be calculated by the tax form. Your CPA can help you, or you may be able to use a tax program.
This topic was automatically closed after 90 days. New replies are no longer allowed.