662i instructions 662 mining tax download 2026

1. Click ‘Get Form’ to open the 662i instructions in the editor.
2. Begin by entering your aggregate taxable income from all mining operations on Line 1. Ensure you report this amount accurately as it forms the basis for your tax calculation.
3. Proceed to Line 2 to compute your tax based on the income bracket specified. Follow the guidelines provided for each income range to determine your tax liability.
4. Complete Schedule A for each mining operation, detailing gross income and royalties received. This is crucial for calculating taxable income accurately.
5. Fill out Schedule B and C as necessary, ensuring that all expenses are reported in U.S. dollars and that you attach any required schedules for clarity.
6. Review all entries carefully before signing the return. Remember, a valid return must be signed by an authorized person.

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