Most income derived directly from land held in trust by the U.S. Government is exempt from federal and state taxation for individual Indians. However, all interest income, capital gain income, and certain royalties are subject to federal and state taxes. Each year, BTFA issues IRS Form 1099, which is a record of income to beneficiaries who received taxable income during the previous calendar year. This income includes:
Contact us if you have questions about your payment options or information reported on Form 1099. For questions about your personal tax situation, please consult a tax professional.