WebPermian Basin Royalty Trust 2911 Turtle Creek Boulevard Suite 850 Dallas, Texas 75219 Telephone Toll-Free 1-855-588-7839 Instructions for Schedules A and B-1 Through B-12 I. FEDERAL INCOME TAX INFORMATION 1. Reporting of Income and Deductions. (a)Direct Ownership Reporting. WebFeb 6, 2024 · There are two conditions that could lead to the termination of the trust: The royalties fail to generate net revenue for the Trust of at least $1,000,000 per year over any …
Cost Basis - Royalty Trusts
WebMar 21, 2024 · DALLAS, March 21, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash … WebMar 2, 2016 · 1. How do we calculate the amount passing to each trust to ensure the desired tax result? 2. How do we make the Marital Trusts eligible for the marital deduction? 3. … hammondfamily reunion in north carolina
Permian Basin Royalty Trust – Tax Information
WebFeb 17, 2024 · DALLAS, Feb. 17, 2024 /PRNewswire/ -- Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of... WebDec 28, 2014 · The Permian Basin Royalty Trust (the ‘‘Trust’’) is a Grantor Trust for Federal income tax purposes. Each Unit holder of the Trust is taxable on his pro rata share of the ... percentage depletion with respect to each Royalty. (a) Percentage Depletion.The tax law allows percentage depletion on proven properties acquired after October 11 ... WebPermian Basin Royalty Trust 2911 Turtle Creek Boulevard Suite 850 Dallas, Texas 75219 Telephone Toll-Free 1-855-588-7839 Instructions for Schedules A and B-1 Through B-12 I. … hammond family farm romance book 1