They collect annual revenues from small royalties, hunting and cattle leases, and have been selling off smaller properties lately to help them squeeze by.

Examples of properly allocable deductions include investment interest expense, investment advisory and brokerage fees, expenses related to rental and royalty income, and state and local income taxes properly allocable to items included in Net Investment Income.http://www.irs.gov/uac/Newsroom/Net-Investment-Income-Tax-FAQs-Steven

Account Closed -No one receives royalties (except Alzheimers) but Jon is a good friend and has been helpful many times.Thanks for all the nice comments.

Be sure to get a clear understanding of what you will be charged for holding your license at a brokerage, transaction fees, royalty fees etc (some brokerages even charge you for a workspace or color copies) and what type of training they are going to offer you specifically.

Depending on the royalties and fees, sometimes it's worth it to learn and get all the tools needed, or you may of course want to learn as you go.

Oil and gas rights, both working and royalty interests are like kind to investment real estate for 1031. 

He left to do it on his own (well, partner with me anyway).They charge a lot of fees and royalties. 

Even if a well is drilled that produces royalties, it won't be enough $ to give much thought to it.

Certain natural resource rights, and both working and royalty interests in oil, gas and minerals qualify. 

Repeated quick flipping of houses, short term rentals (a services business), certain venture capital and things of that nature will generate UBTI.Passive forms of income such as interest, dividends, royalties, rent from real property, and the sale of an asset held passively over time will not produce UBTI.