Gain you the sale of your royalty interest is going to be the difference between what you paid for the interest and the sales price. If you inherited the interest as many do, then you basis is the FMV of the interest when you inherited it.
Valuing your inherited mineral rights can be challenging, if not known at the time of inheritance. Professional mineral appraisers can help with historical values and maybe worthwhile depending on the size of your interest.
@oreodog
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