John Lembcke
  • Cypress, TX
  • United States
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At 11:12pm on May 13, 2016, Bigfoot said…

John:

Try this out!  Over the past few years there has been a lot of activity about the Cistern area.

http://www.mineralrightsforum.com/forum/topics/fayette-county-tx-oil-gas?commentId=4401368%3AComment%3A626938&xg_source=msg_com_forum

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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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