Tag: Percentage Depletion

Tax Code, Regulations and Guidance

What Is Percentage Depletion for Taxes?

January 24, 2023

Via: Fit Small Business

Percentage depletion is a tax provision that helps independent producers and royalty owners account for the reduction of a nonrenewable mineral resource, such as oil, gold, and iron, and to recover the associated cost. Another option for depletion is the […]