# Determining basis

**URL:** https://www.mineralrightsforum.com/t/determining-basis/46389
**Category:** Stephens County, OK
**Created:** [May 22, 2019, 7:44pm UTC](https://www.mineralrightsforum.com/t/determining-basis/46389 "2019-05-22T19:44:34Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![seandarnall](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/s/5fc32e/32.png) [@seandarnall](https://www.mineralrightsforum.com/u/seandarnall)
#### Post date: [May 22, 2019, 7:44pm UTC](https://www.mineralrightsforum.com/t/determining-basis/46389/1 "2019-05-22T19:44:34Z")

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Welcome advice regarding establishing basis for taxes when selling mineral rights. Just sold interest received from inheritance.

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### Author: ![Richard\_Winblad](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/richard_winblad/32/11511_2.png) [@Richard\_Winblad](https://www.mineralrightsforum.com/u/Richard_Winblad)
#### Post date: [May 22, 2019, 11:45pm UTC](https://www.mineralrightsforum.com/t/determining-basis/46389/2 "2019-05-22T23:45:22Z")

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Basis is the value on the date of the death that the person died. You may need a landman to provide you with that information. I believe IRS code 1014 should help.

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### Author: ![MRFAdmin\_SV](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/m/e0b2c6/32.png) [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 5:58pm UTC](https://www.mineralrightsforum.com/t/determining-basis/46389/3 "2025-01-11T17:58:06Z")

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