Question: FTL - 4 4 . Which is true about how royalties are reported? Royalties are not taxable Companies generally report royalty income through the W

FTL-44. Which is true about how royalties are reported?
Royalties are not taxable
Companies generally report royalty income through the W-2 form
Companies generally report royalty income through Form 1099-MISC
Taxpayers holding an operating oil, gas, or mineral interest should report those royalties on Schedule F

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