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January 27, 2022
Question

I sold my mineral rights. Is this taxable?

  • January 27, 2022
  • 1 reply
  • 0 views
mineral rights were included in the original deed

1 reply

ColeenD3
January 27, 2022

Yes.

 

If you sell the mineral rights, you might have to pay a capital gains tax on the sale profit. If you purchased the minerals, the profit is based on the difference between the purchase and sales prices.