MRP 223: Year End Mineral Rights Tax Tips

The Mineral Rights Podcast: Mineral Rights | Royalties | Oil and Gas | Matt Sands

In this episode we delve into crucial year-end tax strategies that may be available to mineral and royalty owners so that you can keep more of your hard-earned income.

From deferring income to strategically optimize tax liabilities, offsetting or deferring the tax liability when you sell, establishing a step-up in cost basis with inherited minerals and royalties, avoiding backup withholding, to accelerating your royalty income, we explore several strategies that all mineral and royalty owners should be aware of.

As always, the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com. And our attorneys would cringe if we forgot to mention that the information in this episode is being shared for informational purposes only and should not be construed as tax, legal, or financial advice.