Mineral Rights FMV Calculation
What is the proper way to calculate FMV of mineral rights. I inherited mineral rights from my dad in Feb 2009 and it wasn't probated until 2025 with no will. My stepsister inherited from her mother who died in Aug 2022 and she signed a quit claim deed for her portion to me. I sold these mineral rights in Aug 2025. Do I calculate 1/2 from 2009 and half in 2022?
Quick Answer:
To determine the basis for calculating gain or loss on the sale, you need to establish the Fair Market Value (FMV) of each distinct portion of the mineral rights at the relevant date of
Note: This answer is provided for convenience only. It is important that you speak to a CPA about your individual tax situation.
