Mineral Rights Forum

America’s conversation place for mineral owners

Accounting and Taxes (75)

Discussions Replies Latest Activity

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

11 Mar 13
Reply by Ronald W Gann

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

Sale of Mineral Rights and Taxes

I know this has been discussed before, but it has been awhile.  Since taxes are approaching, I am hoping to get some advice.  My husband in…

Started by Susan Chrislip

2 Jan 18
Reply by Wade Caldwell

oil company's utilization of leased property

My sons and I own 36 acres in Karnes County, TX and it is being leased to EOG.  The property is involved in 2 separate horizontal wells, bu…

Started by Jane T. Wilhelm

0 Jan 9

Need capital gains tax Information relating to the sale of mineral rights

I need information on how to find the basis of mineral interest sold by my mother in February of this year. She sold a percentage of all he…

Started by Cellia Kelleher

2 Sep 15, 2016
Reply by Cellia Kelleher

Inherited Mineral Rights from Great Aunt, what to expect?

My Great Aunt passed away three years ago and had mineral rights at a producing field in Taft County, CA.  She left the rights to my brothe…

Started by Joel Tibbet

4 Sep 1, 2016
Reply by Kitchen

Mineral Rights Gifting

My mom is going into a nursing home. Can she gift her royalties to her children or does she need to sell them? If she needs to sell them ho…

Started by Melanie Jones

13 Jul 15, 2016
Reply by Mark S. Browning


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