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KPMG report: Mineral interest income and section 199A deduction

Mineral interest income and section 199A deduction

The section 199A regulations do not directly address whether mineral interest income is eligible for the 20% deduction.

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A report from KPMG explains why mineral royalties held for investment do not qualify for the 20% deduction, and why mineral working interest income may be eligible for the deduction.

Read an August 2019 report [PDF 231 KB] prepared by KPMG LLP: What’s News in Tax: Is mineral interest income eligible for the section 199A deduction under the final regulations? It still depends.

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