Entering marginal oil production percentage depletion rate (1041)

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  1. Choose Setup > 1041 Fiduciary > Federal tab.
  2. In the Additional information group box, click the Other Return Options button.
  3. On the Other tab, enter a rate in the Depletion: Marginal oil production percentage depletion rate field.

If you do not enter a rate in this field, the current IRS value for the depletion rate for oil and gas properties is the default.

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