What do I enter for depletion for my $81 mineral rights royalties?

I dont know what my depletion information is.

posted

For federal depletion allowance, the amount is 15% of your gross royalty. Check with your state also because some states allow for additional depletion. If so, you would enter the state depletion amount as an adjustment on your state return.

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

Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.

Expert does your taxes

Do it yourself

Resources

Support

What do I enter for depletion for my $81 mineral rights royalties?