Episode 20
MRP 20: Taxes on Mineral Rights and Royalties
The Mineral Rights Podcast: Mineral Rights | Royalties | Oil and Gas | Matt Sands
April 3, 201914m 48s
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Show Notes
Today we talk about taxes on mineral rights and royalties. Learn how royalties and lease bonus proceeds are taxed. Get tips on common deductions and credits to make sure you know the questions to ask your CPA when it comes time to file your taxes. We also cover a little known fact on why it makes sense to determine the cost basis for mineral rights that you inherit even if you don't plan on selling.