DW: Share on Facebook Tweet

Blog Posts
Discussions
Groups (2)

DW's Page

Profile Information

Comment Wall (2 comments)

You need to be a member of GoHaynesvilleShale.com to add comments!

Join GoHaynesvilleShale.com

At 15:08 on February 11, 2009, Kathy Morgan said…: I'm going to assume this property is property you are already reporting on the Sch C, if so, that makes it a completely different story. Then other income is right and it should go on your schedule C. You still won't get cap gains rate though.

At 9:06 on February 11, 2009, Kathy Morgan said…: Box 1 is correct. You wouldn't get long term capital gains anyway. Box 7 would tell the IRS you are self-employed in the gas business and they would not only tax the income at your regular rate but they would be looking for social security and medicare taxes as well.

No comments yet!

Welcome to
GoHaynesvilleShale.com

Sign Up
or Sign In

Or sign in with:

Support GoHaynesvilleShale.com

Blog Posts

The Lithium Connection to Shale Drilling

Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…

Continue

Posted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40

Not a member? Get our email.

Groups

Franklin County, Texas

9 members
Cass County, TX

120 members

Rusk County

97 members
Livingston Parish, LA

34 members

San Augustine, TX

386 members
Miller County, Arkansas

27 members

Sabine Parish, LA

455 members
South Caddo Parish Group

440 members

Natchitoches Parish

400 members
Bienville Parish, LA

244 members

View All

Badges | Report an Issue | Terms of Service

h2	h2	h2
About As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More	Links About General Info Guidelines Supporters Donate Advertise Subscriptions Contact us

About

As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More

Links

Badges │ Report an Issue │ Terms of Service

1	News Flash: Federal Energy Policy Does Not Retard Oil Production
2	Aethon president: Natural gas needs to top $5 to spur Haynesville investment
3	Enhanced Geothermal Systems: Unlocking Earth's Hidden Energy Potential
4	Payment Vouchers and Checks
5	Researching Waterflood Unit
6	More Permian Associated Gas to Depress the Price of Haynesville Gas
7	The End of an Era