SoggyFeet
New Member

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