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This information is provided for strictly informational purposes only and should not be relied upon in lease negotiations. The results are based upon information that you provide. If you wish to provide more background information on an offer you have received, please leave it at the bottom of this page.

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Cost Depletion: A Valuable Tax Deduction for Royalty Owners

Posted by Patrick Flueckiger on February 12, 2018 at 10:30am 0 Comments



Background:
 The Internal Revenue Code allows a deduction known as “depletion” for oil & gas income. The depletion deduction could save a taxpayer thousands of dollars in income taxes. Since a mineral interest runs out…

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