Lisa Ann Strobel Posted February 13 Report Share Posted February 13 So if you take the 15% depletion on royalties, it still says that you can take property taxes, mortgage interest because it's related and holding the land. Am I correct 1 Quote Link to comment Share on other sites More sharing options...
BrewOne Posted February 13 Report Share Posted February 13 the depletion allowance on oil and gas extraction is a sweetheart deal. Sort of like the QBI deduction. Quote Link to comment Share on other sites More sharing options...
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