Let's simplify the best way to handle this. Keep the original property in tact and change the name to the new store. Split all the up charges (additional money you paid including loan you took over minus any loan given up on the old property) and split it between the new mineral properties. This could make it all much simpler and there should be no negative basis. This would be the amounts that are not depreciated and remain with the mineral property until sold. A paper tracking for a future sale.
The land is causing the issue, however, there should be no negative basis in the equation.
Let me know if this makes more sense to you.
@jamie-m-todd
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