Purchase of land & sale of mineral rights


N

N Owen

Raw land purchased. At closing, the mineral rights were also sold. Does the
sale of the mineral rights reduce the basis in the land? TIA!
N Owen
 
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B

blogger1000

Raw land purchased. At closing, the mineral rights were also sold. Does the
sale of the mineral rights reduce the basis in the land? TIA!
N Owen

yes
 

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