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Deductions & credits
I'm not a lawyer.
If you purchased the mineral rights in 1999, your should be entitled to treat this as a long-term capital gain. However if you purchased the property in 1999 and purchased the property rights now, that would be a short-term gain.
Regards, Don
If you purchased the mineral rights in 1999, your should be entitled to treat this as a long-term capital gain. However if you purchased the property in 1999 and purchased the property rights now, that would be a short-term gain.
Regards, Don
‎June 6, 2019
7:40 AM