Gas Well Investor

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  • peggysioux
    Senior Member
    • Sep 2006
    • 666

    #1

    Gas Well Investor

    If taxpayer has several gas wells that he has working interests in and the wells are no longer producing and have been abandoned, should a 4797 be filed at a zero sale cost so that the remaining deprecation and depletion carryover can be taken and the well be deleted?
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