Enter marginal oil production percentage depletion rate
Follow these steps to enter the marginal oil production percentage depletion rate.
- SelectSetup,1041 Fiduciary, then theFederaltab.
- SelectOther Return Optionsin the Additional information section.
- Enter a rate in theDepletion: Marginal oil production percentage depletion ratefield on theOthertab.noteIf you don't enter a rate in this field, the current IRS value for the depletion rate for oil and gas properties is the default.