inherited mineral royalties

If you inherit oil and gas royalties, can you take a depletion deduction, because to qualify to use the depletion allowance you must have acquired by investment any interest in mineral in place and secures, by any form of legal relationship, income derived from extraction of the mineral, to which he must look for a return of his capital?

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inherited mineral royalties

Yes, you can. Inheriting the royalties counts as a legal relationship.

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