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February 20, 2021
Question

Purchased land. Received coal royalty. Can I claim the cost of the land?

  • February 20, 2021
  • 1 reply
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Purchase land. Received coal royalty. Can I claim the cost of the land?

    1 reply

    ColeenD3
    February 20, 2021

    No. The land itself is an investment and you will realize gain or loss upon its sale.