Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
JP374
New Member

Sale of mineral rights. Capital gains or regular income?

We sold property that had mineral rights on it.  Value when we received the property in 2013 was $14, 916 and we sold it for $17,979 for a profit of $3,063.  Does this profit go under capital gains Schedule D or under a different form?
1 Reply
PaulaM
Expert Alumni

Sale of mineral rights. Capital gains or regular income?

The profit will flow to the schedule D for capital gains treatment. Enter in the Investment section under Stock, Mutual Funds, Bonds and Other.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings
v