CPA Needed - Oil Depletion Experience

DeBoss

Joined: May 19, 2009

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2:42p, 1/10/24

AG

Looking for a recommendation on a CPA that deal with royalties and depletion for a personal tax return. Hopefully someone on here fits that description.

one safe place

Joined: Apr 28, 2022

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9:03a, 1/11/24

If you have been doing your own return, and if the income is oil and gas royalties and not a working interest you should be able to handle the depletion calculation. If the income is something other than oil and gas or if you have the information to do cost depletion, then you might could use some assistance.

DeBoss

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1:07p, 1/11/24

AG

I tried doing it myself last year on TurboTax and it got totally hosed. Had to manually do fields and not sure I got it right. So was hoping for a better option this year.

PeekingDuck

Joined: Nov 16, 2004

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9:18p, 1/14/24

AG

I've used these guys for working interest partnerships. Danny is a good dude. Might give them a shot.

https://www.gmpcpa.com/

https://www.gmpcpa.com/daniel-gamez