Depletion

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  • JERRY SPAEDY
    Junior Member
    • Mar 2016
    • 1
    #1

    Depletion

    Can mining of aggregate/gravel be available for depletion. If so, what percentage rate?
    Tags: None
    • Roland Slugg
      Senior Member
      • Aug 2006
      • 1860
      #2
      It's probably either 5% or 7½%. There is a table in Chapter 9 of IRS Pub 535 listing the most common deposit minerals. You can find a complete list in Code §613(b).
      Roland Slugg
      "I do what I can."

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