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Oil and Gas Investment Tax Benefits

What are the Tax Benefits of Oil and Gas investments? Accredited investors receive many tax benefits when they are invested in Oil and natural gas energy or renewable energy. Many states offer different tax benefits in these ventures. They offer these incentives to promote domestic drilling of oil and natural gas or renewable energy projects. Tangible Drilling Costs, TDCs, tend to account for around 20% of the total investment and may be depreciated 7 years and $500,000 of TDC’s can be deducted. Energy E...

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