# Value of inherited royalty/mineral rights Sec 21, Block29, PSL, Loving County
**URL:** https://www.mineralrightsforum.com/t/value-of-inherited-royalty-mineral-rights-sec-21-block29-psl-loving-county/56022
**Category:** Loving County, TX
**Created:** [February 15, 2020, 9:26pm UTC](https://www.mineralrightsforum.com/t/value-of-inherited-royalty-mineral-rights-sec-21-block29-psl-loving-county/56022 "2020-02-15T21:26:05Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@DRJones](https://www.mineralrightsforum.com/u/DRJones)
#### Post date: [February 15, 2020, 9:26pm UTC](https://www.mineralrightsforum.com/t/value-of-inherited-royalty-mineral-rights-sec-21-block29-psl-loving-county/56022/1 "2020-02-15T21:26:05Z")
Inherited royalty/mineral rights in Section 21, Block 29, Public School Land Survey, Loving County, Texas from grandfather with a respective royalty rate of 0.00234375. I’m one of eight siblings from my mother and uncle with royalty rate of 0.00029297. The four siblings of our deceased mother sold the Royalty/Mineral rights for $60,000 or $15,000 each. Our mother passed in December 2007. What value do we place for capital gain purpose in December 2007?
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [May 15, 2020, 9:26pm UTC](https://www.mineralrightsforum.com/t/value-of-inherited-royalty-mineral-rights-sec-21-block29-psl-loving-county/56022/2 "2020-05-15T21:26:07Z")
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