Mark Kohler explains the intangible drilling cost deduction, a tax strategy in oil and gas. If you enter a working interest before year-end, you can claim some depreciation this year, with most write-offs coming in 2026.
The intangible drilling cost deduction. This is called the idc. It's in the oil and gas industry. Very, very common. Incredible strategy. And Matt, I did Hear Landman Season 2 is going to come out any day. I'm just standing by prime, waiting for the show to come out. Love it. If you like the oil and gas investment and you get into a working interest before year end, there will be some depreciation write offs. Now, it's only in the last two months of the year you're making this investment. It won't be a massive write off. The bulk of it will be next year because it's based on when you enter into the oil and gas project. But it is still a write off. So think about it. If you're hot on oil and gas, it is a very, very common strategy. We love it. Be thinking about that before you're in.
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