Depletion Questions

What is the definition of "cost basis?"

The cost basis is the total purchase price plus any commissions paid.

Can you tell me what the cost basis for my units is?

No. Since we don't maintain any Unitholder records, you should consult your broker or review your files for that information.

What was the cost basis for the units that XTO Energy Inc. declared as a dividend to their shareholders on September 19, 2003?

The cost basis for these units is $20.695 per unit.

I purchased more than one block of units. Can I input the basis for all of those units at one time?

No. You will need to calculate the depletion for each block of units purchased separately.

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