topic I have a single member LLC that I use to invest in working interest projects for drilling oil wells. Where in turbotax can I report and capitalize my leasehold costs? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-a-single-member-llc-that-i-use-to-invest-in-working-interest-projects-for-drilling-oil-wells/01/3100837#M106990 Tue, 24 Feb 2026 07:43:33 GMT diehl_n61012 2026-02-24T07:43:33Z I have a single member LLC that I use to invest in working interest projects for drilling oil wells. Where in turbotax can I report and capitalize my leasehold costs? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-a-single-member-llc-that-i-use-to-invest-in-working-interest-projects-for-drilling-oil-wells/01/3100837#M106990 Tue, 24 Feb 2026 07:43:33 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-a-single-member-llc-that-i-use-to-invest-in-working-interest-projects-for-drilling-oil-wells/01/3100837#M106990 diehl_n61012 2026-02-24T07:43:33Z Re: I have a single member LLC that I use to invest in working interest projects for drilling oil wells. Where in turbotax can I report and capitalize my leasehold costs? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-a-single-member-llc-that-i-use-to-invest-in-working-interest-projects-for-drilling-oil/01/3100843#M106991 <P>Duplicate</P> Mon, 16 Oct 2023 16:41:52 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-a-single-member-llc-that-i-use-to-invest-in-working-interest-projects-for-drilling-oil/01/3100843#M106991 Anonymous_ 2023-10-16T16:41:52Z Re: I have a single member LLC that I use to invest in working interest projects for drilling oil wells. Where in turbotax can I report and capitalize my leasehold costs? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-a-single-member-llc-that-i-use-to-invest-in-working-interest-projects-for-drilling-oil/01/3100883#M106993 <P>These leasehold costs are separate from my IDCs. They are acreage costs (lease bonus, land work, G&amp;G).&nbsp;I need to capitalize them but I'm not sure where to within Turbotax. Do I enter as depletion items and depreciate over 5 years?&nbsp;</P> Mon, 16 Oct 2023 17:21:21 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-a-single-member-llc-that-i-use-to-invest-in-working-interest-projects-for-drilling-oil/01/3100883#M106993 diehl_n61012 2023-10-16T17:21:21Z