Share with your friends

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.


Related content

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.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal