Discussion:Basis of Mineral Rights

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Revision as of 01:04, 21 January 2006

Discussion Forum Index --> Tax Questions --> Basis of Mineral Rights

Tminco (talk|edits) said:

21 January 2006
I have a client who inhereted some mineral rights. His father owned some land that he sold before died but he retained the mineral rights. His father passed away in 1976 and the heirs sold the mineral rights in 2005. Does anyone know how to go about determining the value of the mineral rights in 1976?