oldtaxmank
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So, if I never sell the mineral rights, I do not get any tax benefit on the cost?I would at least think income from it would be used to offset the investment be...
Activity Feed for oldtaxmank
- Posted I bought a note (owner financed loan) on a piece of land. How do I account for the investment and monthly income it generates on my taxes? on Investors & landlords. June 6, 2019 11:01 AM
- Posted Thanks on Get your taxes done using TurboTax. June 6, 2019 7:04 AM
- Posted So, if I never sell the mineral rights, I do not get any... on Get your taxes done using TurboTax. June 6, 2019 7:04 AM
- Posted I bought mineral rights late 2017. I did not have expenses beyond the purchase price and no income from it so far. No taxes for it in 2017. Is purchase price deductible? on Get your taxes done using TurboTax. June 6, 2019 7:04 AM