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How do I Recapture Depletion after sale of a Royalty Trust?
Say I bought a Royalty Trust at $6500 Cost Basis. Sold at a loss for $5000. Over the years, I claimed depletion expense of $750. I assume I will adjust my basis before claiming a loss. Where/How do i do that? Which form?
Thank you!
Mike
Thank you!
Mike
‎June 5, 2019
10:27 PM