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
Salt Water
Disposal
Divestiture
Hedge
Revenue
Taxable
Income
01/31/2018
02/28/2018
03/29/2018
04/30/2018
05/15/2018
05/31/2018
06/29/2018
07/31/2018
08/31/2018
09/28/2018
10/31/2018
11/30/2018
12/31/2018
TOTAL  

   

Disclaimer: The information provided in this section of our website is for general informational purposes only. Such information is intended to be concise and only provide a quick summary that is applicable to most, but not all, individual cash-basis taxpayers in the United States. Consequently, any information provided may not be complete as to a Unit holder’s particular needs or situation. Each individual Unit holder should reference the Trust Agreement in order to determine his or her precise rights as a Unit Holder. In the event of a conflict between anything described on our website and the terms of the Trust Agreement, the Trust Agreement shall control. Significantly, the federal, state and local tax consequences, and associated tax filing responsibilities, applicable to the ownership and sale of Units by a Unit holder is dependent, in part, on each Unit holder’s specific tax circumstances. Nothing in this section of our website should be considered as individualized tax advice or a personal recommendation as to the ownership or sale of Units. Unit holders should consult their own personal 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 it makes no warranties as to the site’s accuracy or completeness and disclaims all implied representations and warranties of any kind or nature arising out of or related to this website or its content. The Trust shall in no way be responsible for any loss or damages resulting from inaccuracies in information provided on this website or any alterations to such information made by third parties.