Tax Calculator

The income and expense information presented assumes you use the cash basis method accounting and report your taxes on a calendar year basis.

  • The results of this calculator are based on information input by users of this website and should not be construed as legal, financial, or tax advice.
  • Do not attach this worksheet to your tax return.

Enter number of units owned on each of the following record dates and click Calculate button.

Record
Date
#Units
Owned
Gross
Royalty
Severance
Tax
Interest
Income
Admin
Expense
Taxable
Income
01/31/2023
02/28/2023
03/31/2023
04/28/2023
05/31/2023
06/30/2023
07/31/2023
08/31/2023
09/29/2023
10/31/2023
11/30/2023
12/29/2023
TOTAL  
   


Disclaimer

The information contained in this section of our website is concise and is intended to only be a summary. Therefore, any information provided may not be complete. Unitholders are encouraged to read the Trust Agreement which is the document that describes the rights of Unitholders. Also, in the event of a conflict between anything described on our website and the terms of the Trust Agreement, the Trust Agreement shall control. Furthermore, the federal, state and local tax consequences, and associated tax filing responsibilities, to a Unitholder of the ownership and sale of Units is dependent in part on each Unitholder’s specific tax circumstances; therefore, Unitholders should consult their own tax advisors regarding all tax issues concerning the ownership and sale of Units. The Trust exercises thorough effort to ensure the accuracy of the content of this website, but makes no warranties as to the site’s accuracy or completeness and shall in no way be responsible for any loss or damages resulting from inaccuracies in information or any alterations made by third parties.