Mineral Rights Forum

America’s conversation place for mineral owners

Accounting and Taxes (86)

Discussions Replies Latest Activity

oil and gas royalty business code and type

 I have several mineral and properties across the country and just started an LLC for these properties. In the process of filing my taxes,…

Started by Lisa Copeland

1 13 hours ago
Reply by James Marrow

Sold inherited Royalties; How do I pay taxes on this?

Wife inherited royalties in 2011.  Keep on getting monthly checks tell she sold them all in 2017.  It is my understanding that to figure th…

Started by RTA

16 yesterday
Reply by Gary L. Hutchinson

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 28
Reply by Jeffrey Yourkovich CPA

Capital gain cost basis on sale of mineral rights royalty.

I inherited a non producing mineral rights in year 2000 & in year 2006 I began receiving producing royalties on the mineral rights thru…

Started by James Ray Wood

17 Feb 22
Reply by T L Shields

What tax information do I need to take to tax preparer

I’m preparing our tax paperwork and I have nothing from the lease. Is there a form like a 1099?

Started by Jan seagren

2 Feb 20
Reply by Nancy Mosley

New Tax proposal

Does anyone know how the new tax proposal will affect royalty tax?

Started by Chris Shannon

0 Nov 30, 2017

Looking for software to help track royalty and mineral interests

What software does everyone recommend for tracking mineral and royalty interests?  

Started by Kelly Coker

18 Nov 10, 2017
Reply by Cami McCurdy


Anyone know who I could hire to give me an honest appraisal of what my mineral rights were worth in Major Co. Oklahoma in 1997? I inherited…

Started by Robin Sweeney

2 Oct 20, 2017
Reply by Robin Sweeney

Late tax filing!

Hi, I am here to ask you some doubts about the procedures of filing a tax return. I have paid the tax for 2016 and the amount paid was much…

Started by Armando K. Martin

1 Oct 19, 2017
Reply by Oliver Conrad Gebhart

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

8 Sep 27, 2017
Reply by Jenelle Mitchell


© 2018   Created by Kenny DuBose.   Powered by

Badges  |  Report an Issue  |  Terms of Service