Lynn mudder
  • Beloit, OH
  • United States
  • Landowner
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Payment for pad classified as "damages". How is this treated for income tax? Taxable or not?

Started this discussion. Last reply by Jonathan H Mar 22, 2016. 1 Reply

We have received money for pad construction which the company specified as damages. Do we owe income tax for this? Want to do the right thing.

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Introduce Yourself
We obtained a good, owner, land friendly lease last July 08. Our relationship with our landman was a positive experience.obtained a new lease in 2014
What is your role?
Landowner
Which state(s) are you following?
Pennsylvania, Ohio
What shale plays do you follow?
Marcellus, Utica

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At 3:04pm on November 23, 2009, Keith Mauck (Site Publisher) said…
Just wanted to touch base with you. Hope things are well and that this is a site where you can dive in and begin contributing. Please be sure to check out our county groups and see if there is a county you can participate in. Have fun "shaling."

Keith
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News Alert: Want A Better Economy, Better Health? Get Fracking!

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A report commissioned by Energy In Depth documents economic growth is the central factor in achieving good health and fracking helps deliver that growth.

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