Taxpayers are entitled to a depletion deduction if they have an economic interest in the natural resource property.

Name: Taxpayers are entitled to a depletion deduction if they have an economic interest in the natural resource property.
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Taxpayers who have an economic interest in the natural resource property, such as oil, gas, coal, timber, and minerals, may take a depletion deduction on their taxes. This deduction allows them to recover their investment in the property as it is depleted.

Taxpayers Are Entitled to a Depletion Deduction If They Have