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Investors & landlords
I inherited royalty rights in 1960. I got married in 1968. I died in 2016. I sold them In 2019. The value $64682 in 1960. The value was 104365 in 2016. I sold them in 2019 for $127300. I was reducing my royalties by %15 each year in depletion. What is the depletion amount I need to recapture?
March 3, 2020
3:50 PM