MarilynG
Expert Alumni

Investors & landlords

If the Estate Administrator in 1962 did not have a value for the mineral rights you inherited, you may need to consult a local mineral rights expert.

If the sales proceeds were minimal, you could report your cost as $0 and have long-term capital gains to report.

If not, here's more info:

https://ttlc.intuit.com/replies/6681529

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