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I1 6380T 02/11/2010 2 06 PM Exempt Organization Business Income Tax Return OMB No 1545-0687 Form (and proxy tax under section 6033(e)) Department of the Treasury Internal Revenue Service 2008 For
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What is 23 depletion i ll?
23 depletion i ll refers to the tax form used to report depletion deductions related to the extraction of natural resources.
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Any entity or individual that has depletion deductions related to natural resources is required to file 23 depletion i ll.
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To fill out 23 depletion i ll, you will need to report information related to the depletion deductions claimed for the extraction of natural resources.
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The purpose of 23 depletion i ll is to report and claim deductions for the depletion of natural resources as allowed by tax laws.
What information must be reported on 23 depletion i ll?
On 23 depletion i ll, you must report details of the natural resources extracted, the method of depletion calculation, and the amount of depletion deduction claimed.
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