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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?
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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.
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