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L
lmolee
April 16, 2023
Question

What do I enter for depletion for my $81 mineral rights royalties?

  • April 16, 2023
  • 1 reply
  • 0 views
I dont know what my depletion information is.

1 reply

P
PaulaM
Employee
April 17, 2023

For federal depletion allowance, the amount is 15% of your gross royalty. Check with your state also because some states allow for additional depletion. If so, you would enter the state depletion amount as an adjustment on your state return.

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