TaxReport 2013-14

Type

PLR

Subject

2.01a - Rents from Real Property - 75% Income Test - Generally

Keywords

Interest in Real Property

Surface Payment

Mining

Lease Payments for

Rents from Real Property

Royalty Fees

Year

2013

IRS Link

http://www.irs.gov/pub/irs-wd/1320001.pdf

Tax Report Link

TaxReport2013-14

Summary

Surface lease payments to lessor that did not own subsurface rights are “rents from real property” even if based on gross proceeds from sale of oil and gas

Title

201320001

Guidance Tags

PLR - 201320001

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TaxReport 2013-14

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