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June 6, 2019
Solved

I received a bonus reported as rent under a Pooling Order issued by the OK Corporation Commission. How should this bonus be reported?

  • June 6, 2019
  • 1 reply
  • 0 views

Would such a bonus be correctly reported as rent or should the company that paid the bonus have reported it as a royalty payment. I do not own the land involved, only the mineral rights associated.

Best answer by RichardG

Report the income as a royalty payment.

1 reply

RichardGAnswer
Employee
June 6, 2019

Report the income as a royalty payment.