# Determining cost basis

**URL:** https://www.mineralrightsforum.com/t/determining-cost-basis/3202
**Category:** Major County, OK
**Created:** [March 18, 2017, 1:10am UTC](https://www.mineralrightsforum.com/t/determining-cost-basis/3202 "2017-03-18T01:10:16Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![MARK\_RITCHEY](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/m/c67d28/32.png) [@MARK\_RITCHEY](https://www.mineralrightsforum.com/u/MARK_RITCHEY)
#### Post date: [March 18, 2017, 1:10am UTC](https://www.mineralrightsforum.com/t/determining-cost-basis/3202/1 "2017-03-18T01:10:16Z")

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I inherited some oil rights in Major County in 1982. What is best (and cheapest) way to determine cost basis?

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### Author: ![R\_Story](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/r/bc79bd/32.png) [@R\_Story](https://www.mineralrightsforum.com/u/R_Story)
#### Post date: [March 18, 2017, 4:13pm UTC](https://www.mineralrightsforum.com/t/determining-cost-basis/3202/2 "2017-03-18T16:13:47Z")

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This has been addressed before on the forum:

[http://www.mineralrightsforum.com/forum/topics/capital-gain-cost-basis-on-sale-of-mineral-rights-royalty-2?id=4401368%3ATopic%3A409059&page=1#comments](http://www.mineralrightsforum.com/forum/topics/capital-gain-cost-basis-on-sale-of-mineral-rights-royalty-2?id=4401368%3ATopic%3A409059&page=1#comments)

The short version is you’ll need to find a mineral rights appraiser to draft you a report.

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 10:34pm UTC](https://www.mineralrightsforum.com/t/determining-cost-basis/3202/3 "2018-08-14T22:34:52Z")

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