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Issue Disputes When Selling Real Estate with Mineral Rights Form

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Issue Disputes When Selling Real Estate with Mineral Rights Form

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if you sell your minerals you will have to pay tax on the amount that you sold it's considered a real estate property it is considered a capital gains any amount that you make on that minus any amount that you invested if you bought your minerals that's the amount you invested If you inherited your minerals then you get into things like stepped up basis and cost basis and whatnot but the difference between what you got it for and what you sold it for is the capital gains yes this is 100% true when you sell your mineral properties you are going to be responsible for paying capital gains taxes if you've owned that property for less than a year then it's a short-term capital gain and you will pay ordinary income tax on that gain which is a lot if your ordinary income tax rate is 30% or 35% depending on which tax bracket you are that is the rate that you're going to pay now if you've held those properties for more than a year then you&#39

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