Loan Fees:
1. If it makes it easier for you simply enter zero for a sales price for the loan fees and this will easily provide a deduction for the remaining fees or a loss of the same amount remaining.
2. You should show they were converted to personal use on the date of the exchange, then add them back as assets based on the previous discussion in this thread. If you read back through the notes there is an explanation about how to do that.
California:
1. It should be only the mineral rights situated in this state.
2. Review the federal return if necessary. I'm not sure if California has a different depletion allowance.
Colorado: Compare the federal amounts with what shows up on the CO return to see if any adjustments need to be done for income that should be associated with CO. This would be any income derived from CO.
These are just a few steps that may help you reach completion. It may not be a bad idea to check with a tax professional to finish your return.
@jamie-m-todd
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