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rferris03
New Member

How do I enter selling of mineral rights?

Capital gains from selling of mineral rights?
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PatriciaV
Employee Tax Expert
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

How do I enter selling of mineral rights?

The sale of mineral rights is entered under as an investment sale in TurboTax.

  • TurboTax Online/Mobile: Go to investment sales.
  • TurboTax Desktop: Search for investment sales and then select the Jump to link.

For help determining your basis in these mineral rights, see IRS Topic no. 703, Basis of assets

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
PatriciaV
Employee Tax Expert
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

How do I enter selling of mineral rights?

The sale of mineral rights is entered under as an investment sale in TurboTax.

  • TurboTax Online/Mobile: Go to investment sales.
  • TurboTax Desktop: Search for investment sales and then select the Jump to link.

For help determining your basis in these mineral rights, see IRS Topic no. 703, Basis of assets

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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