Skip to main content
March 14, 2020
Question

Sale of an oil & gas Working Interest

  • March 14, 2020
  • 1 reply
  • 0 views

How to calculate cost basis for inherited domestic oil & gas working interest.

    1 reply

    RobertG
    March 14, 2020

    Your basis in inherited property is the fair market value on the date that the benefactor died.

     

     

     

     

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"