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Msg. 13571 of 21975
(This msg. is a reply to 13570 by monkeytrots) |
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As always, the devil is in the details. Since this is the tax code, the details are complex and intensely boring.
“(1) Section 43. http://www.taxalmanac.org/index.php/Internal_Revenue_Code:Sec._43._Enhanced_oil_recovery_credit
“(2) Section 45I.
“(3) Section 469 with respect to working interests in oil and gas property. http://www.taxalmanac.org/index.php/Sec_469
“(4) Sections 613 and 613A, with respect to percentage depletion for oil and gas. http://www.taxalmanac.org/index.php/Sec._613 Sec. 613A. Limitations on percentage depletion in case of oil and gas wells “(5) Section 199 with respect to income derived from the production of oil and gas. Sec. 199 Deduction relating to income attributable to domestic production activities http://www.taxalmanac.org/index.php/Sec._199
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