Need to Sell Mineral Rights but the Tax Consequences Are Killing the Deal?
A strong offer on your minerals can lose its appeal once you see the tax bill. Many mineral and royalty interests qualify as real property for a 1031 exchange, so you may be able to defer the tax and reinvest in rentals, land or other minerals.
Selling Oil and Gas Interests? What to Know About the Tax Hit
Royalties, overrides and working interests are taxed differently, and depletion recapture can add to the bill. Here’s what Permian Basin owners should understand about the tax hit on an oil and gas sale, and which interests may qualify for a 1031 exchange.
Need a Qualified Intermediary With Oil and Gas Experience? Start Here
Mineral deeds, division orders and suspended royalties don’t come up in most real estate exchanges. Why oil and gas owners should work with a qualified intermediary who knows how to describe, value and exchange mineral interests the right way.