Owning oil and gas interests has two main types of risk that an owner needs to be aware of. Factors outside of your control may result in large and unexpected gains, or may lead to sudden loss of income. In this blog post, I’ll explain how I view these factors.
One of the tax advantages that mineral rights owners may be able to take advantage of as a result of the sale of their mineral rights is called a 1031 Like-Kind Exchange. By using a 1031 Exchange, you can actually qualify to pay no taxes at all on the proceeds of your sale.
