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BP Prudhoe Bay Royalty Trust Message Board

  • barebuttbob2013 barebuttbob2013 Feb 4, 2013 12:15 AM Flag

    Depletion Allowance in Couple Weeks

    all companies have depreciations on taxes, but only mineral extractive companies have 'depletion' alllowances since extractives are non-renewable.

    Sentiment: Buy

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    • "Depletion Allowance in Couple Weeks"

      What is that supposed to mean?
      Anyway the tax information for BPT, including depletion details has already been available for several weeks. I put my BPT into Turbotax about 2 weeks ago. The deductions for BPT are lower than for most of those older trusts. I manage to get negative income after depletion for PBT and other older trusts. For BPT the deductions do not come close to giving me negative taxable income.

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