# Taxes Owed From Sale of Mineral Rights
**URL:** https://www.mineralrightsforum.com/t/taxes-owed-from-sale-of-mineral-rights/24628
**Category:** General Mineral Rights Discussion
**Created:** [February 23, 2010, 11:55pm UTC](https://www.mineralrightsforum.com/t/taxes-owed-from-sale-of-mineral-rights/24628 "2010-02-23T23:55:36Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@A\_Loren](https://www.mineralrightsforum.com/u/A_Loren)
#### Post date: [February 23, 2010, 11:55pm UTC](https://www.mineralrightsforum.com/t/taxes-owed-from-sale-of-mineral-rights/24628/1 "2010-02-23T23:55:36Z")
I am hopeful that someone with a little more experience with mineral rights sales can confirm the amount of capital gains tax that I will be required to pay after I sold my mineral rights (I live in Texas by the way). My situation is as follows (numbers are adjusted for simplicity’s sake):
- I purchased $50,000 worth of mineral rights in January 2006 (mineral rights only, no surface)
- I began receiving royalties from my minerals in 2009 ($10,000 cumulative as of January 2010)
- I sold 100% of my mineral rights for $100,000 in January 2010
My assumption is that I will have to pay Uncle Sam the 15% long-term capital gain rate on the profit from sale. In other words, I will owe 15% \* ($100,000 - $50,000) = $7,500.
Is my assumption correct?
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 4:44am UTC](https://www.mineralrightsforum.com/t/taxes-owed-from-sale-of-mineral-rights/24628/2 "2018-08-15T04:44:57Z")