Yes, I agree. As long as you have all the replacement figures in place for 2023, and you have your cost basis set aside for the mineral properties (and you do) you can delete that line item that represents the old property.
Note Record Keeping Information: It's important to be clear about the documentation and tax returns that must be kept. Until you fully dispose of the current properties or any future traded property the tax returns will not be obsolete. The original property is connected to the new property received in the trade and if that property gets traded all properties are still related to the original property. In other words until a final property received in a trade is completely disposed up your tax returns are permanent records and a statute of limitations does not apply to them until a final property is sold.
@jamie-m-todd
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