# How to determine value of inherited mineral rights in 2007?
**URL:** https://www.mineralrightsforum.com/t/how-to-determine-value-of-inherited-mineral-rights-in-2007/35154
**Category:** Accounting and Taxes
**Created:** [October 15, 2018, 1:33am UTC](https://www.mineralrightsforum.com/t/how-to-determine-value-of-inherited-mineral-rights-in-2007/35154 "2018-10-15T01:33:55Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@Linda\_Hane](https://www.mineralrightsforum.com/u/Linda_Hane)
#### Post date: [October 15, 2018, 1:33am UTC](https://www.mineralrightsforum.com/t/how-to-determine-value-of-inherited-mineral-rights-in-2007/35154/1 "2018-10-15T01:33:55Z")
Inherited mineral rights to Madera 26-76 in Loving County, Texas in 2007. Now I’m trying to pull off a last-minute tax filing with no idea how to determine the value. Sold my part of mineral rights in 2017.
Need to have some idea / formula by Oct 15th!!! Would greatly appreciate any input anyone has.
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### Author:  [@TennisDaze](https://www.mineralrightsforum.com/u/TennisDaze)
#### Post date: [October 15, 2018, 3:15am UTC](https://www.mineralrightsforum.com/t/how-to-determine-value-of-inherited-mineral-rights-in-2007/35154/2 "2018-10-15T03:15:15Z")
If you have a copy of the estate tax return, then the value would be stated. In 2007, the minerals had a very small value relative to 2017. Most of your sales price will be long-term capital gains.
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### Author:  [@Linda\_Hane](https://www.mineralrightsforum.com/u/Linda_Hane)
#### Post date: [October 15, 2018, 6:27am UTC](https://www.mineralrightsforum.com/t/how-to-determine-value-of-inherited-mineral-rights-in-2007/35154/3 "2018-10-15T06:27:42Z")
Thank you for your reply. The estate attorney for my parents never did give my sister and me the estate tax returns back after my mom’s passing in 2006. I knew the minerals back in 2007 were not worth that much. What is a ballpark amount that Madera 26-76 Loving County might have been worth then? I just need an approximate value.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 7:12pm UTC](https://www.mineralrightsforum.com/t/how-to-determine-value-of-inherited-mineral-rights-in-2007/35154/4 "2025-01-11T19:12:55Z")