How Does Selling My Mineral Rights Affect My Taxes?

No one really likes to think about taxes, but they are an undeniable part of life. So when you’re considering selling your mineral rights, how that sale will impact you at tax time is something you definitely want to keep in mind.

Mortgages and Mineral Rights

You may owe a little or a lot on your mortgage—depending on how long you’ve owned your home, the terms of your mortgage agreement, and how long you’ve been paying. Does owing money on a mortgage mean you can’t sell your mineral rights?