Ask Me Help Desk
>
Money & Services
>
Taxes
> Income tax depletion
PDA
View Full Version :
Income tax depletion
BAR833
Nov 9, 2007, 11:03 AM
How do you deplete land when you are digging a lake?
AtlantaTaxExpert
Nov 9, 2007, 02:19 PM
Depletion allowances do not apply to land!
It applies to the resources UNDER the land, like oil or gold.