# Value of inherited WV gas drilling rights for IRS tax puroaes

**URL:** https://www.mineralrightsforum.com/t/value-of-inherited-wv-gas-drilling-rights-for-irs-tax-puroaes/80651
**Category:** Accounting and Taxes
**Created:** [March 30, 2025, 3:31pm UTC](https://www.mineralrightsforum.com/t/value-of-inherited-wv-gas-drilling-rights-for-irs-tax-puroaes/80651 "2025-03-30T15:31:12Z")
**Posts on this page:** 4
**Page:** 1

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### Author: ![GaryLFarris](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/g/5f9b8f/32.png) [@GaryLFarris](https://www.mineralrightsforum.com/u/GaryLFarris)
#### Post date: [March 30, 2025, 3:31pm UTC](https://www.mineralrightsforum.com/t/value-of-inherited-wv-gas-drilling-rights-for-irs-tax-puroaes/80651/1 "2025-03-30T15:31:12Z")

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I inherited gas drilling rights in West Virginia in 1999. I sold them last year. They were not conveyed in a will. I need the 1999 step-up value for reporting capital gains to the IRS.

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### Author: ![Steve\_Durrett](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/s/8baadc/32.png) [@Steve\_Durrett](https://www.mineralrightsforum.com/u/Steve_Durrett)
#### Post date: [March 30, 2025, 4:38pm UTC](https://www.mineralrightsforum.com/t/value-of-inherited-wv-gas-drilling-rights-for-irs-tax-puroaes/80651/2 "2025-03-30T16:38:48Z")

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Were they producing in 1999? If they were you might need a professional valuation. If they weren’t, I’d put the value at zero or very near there based on the level of activity at that time.

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### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [March 31, 2025, 2:34pm UTC](https://www.mineralrightsforum.com/t/value-of-inherited-wv-gas-drilling-rights-for-irs-tax-puroaes/80651/3 "2025-03-31T14:34:58Z")

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The Directories tab above has an appraiser in your part of the country. Vass group does West Virginia.

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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: [June 28, 2025, 3:31pm UTC](https://www.mineralrightsforum.com/t/value-of-inherited-wv-gas-drilling-rights-for-irs-tax-puroaes/80651/4 "2025-06-28T15:31:51Z")

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