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February 28, 2021
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OIL & GAS

  • February 28, 2021
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i RECEIVED MINERAL RIGHTS WHEN MOTHER PASSED  1995 SHE GOT WHEN FATHER PASSED  1978 WHAT WOULD BE THE COST BASES? MOTHER HAD NO WILL 

Best answer by WendyN2

The cost basis would be at the date you received/"inherited" them. You should be able to run an internet search for this information as it is "historical cost" information. 

1 reply

WendyN2
WendyN2Answer
March 2, 2021

The cost basis would be at the date you received/"inherited" them. You should be able to run an internet search for this information as it is "historical cost" information.