Help from Louisiana Preparers

[WhiteOleander]

The net amount is already in the federal AGI. You don't need to do a thing with the royalty income. Make sure the royalty is oil and not gas. Gas gets a higher depletion allowance.

Thank you. And welcome to the board.

[SPRING]

Help from LA

The net amount is already in the federal AGI. You don't need to do a thing with the royalty income. Make sure the royalty is oil and not gas. Gas gets a higher depletion allowance.

[WhiteOleander]

Have a client that has received about 7500.00 in oil royalties from LA. Do I include the gross royalty for LA tax or can they pay LA on the net after subtracting depletion?

Thanks