Mineral Rights Forum

America’s conversation place for mineral owners

Accounting and Taxes (80)

Discussions Replies Latest Activity

Inherited land and now contacted to sell

I recently just learned of land I inherited in 2008. I received a letter in the mail from Headwater Minerals to sell oil and mineral rights…

Started by Amanda Lovett

11 Aug 11
Reply by Beth

Assistance Needed to Determine 2008 Value for Tax Basis

In June  I sold my surface and mineral interests in 80 acres in Reeves County. W2/NW4, Section 26, Block 50, T-7-S. My tax preparers now te…

Started by Marshall L Helena

7 Jul 31
Reply by Charles Emery Tooke III

inherited mineral rights- determining value for estate Any assistance appreciated!

Hi, My siblings and I have inherited some mineral rights from our father.  Closing this estate has been a nightmare and this is the last it…

Started by bluebird

10 Jul 17
Reply by bluebird

Selling mineral rights

I only had 3 acres of mineral rights in Canadian County and sold them this year. Is there ANY way to get an estimate of the "basis" of my r…

Started by James E Smith

1 Jun 29
Reply by Michael Purify

1995 TAX BASIS ON MCCLAIN CO MINERALS

How is the basis determined and how would my cousin determine this. He inherited interest in 1995 and sold recently. Any direction apprecia…

Started by Stephanie Wilbanks, CPL

1 Jun 29
Reply by Tom Ed Moore

Finding the value of mineral rights at the time of death for possible state estate taxes

We are NOT interested in selling our mineral rights at this time but we are interested in finding the value of the mineral rights,  The  mi…

Started by Ronald W Gann

13 Jun 3
Reply by Jack

Value of non producing mineral interests

When my petroleum geologist uncle died some 40+ yrs ago, he left his collection of mineral interests to his nephews and nieces.   Over the…

Started by John Anderson "Andy" Davis

14 Mar 8
Reply by tim dowd

1099 on oil-gas royalties - expenses vs deductions

I've been doing tax returns that included information from 1099 MISCs from XTO, Hess and Continental for years. For 2016 Liberty Resources…

Started by Connie Allen

2 Feb 23
Reply by TennisDaze

I get to pay for EOG'S mistake

EOG suddenly decided to let me know today that I wouldn't be getting my $130 royalty deposit for December, because, according to them, they…

Started by Jennifer Loth

21 Feb 14
Reply by Jennifer Loth

1099-Misc or 1099-S 9 Feb 2017

I have not been able to to find info on this subject on this site.  I'm sure its somewhere.  Anyone advise?  Thank you?

Started by Ancel Smith

4 Feb 11
Reply by Ancel Smith

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