Oil: A big investment with big tax breaks

When it comes to tax-advantaged investments for wealthy or sophisticated investors, one commodity continues to stand alone above all others: oil. With the U.S. government’s backing, domestic energy production has created a litany of tax incentives for both investors and small producers, and oil is no exception.

Several major tax benefits are available for oil and gas investors that are found nowhere else in the tax code. Below, we’ll cover the benefits of tax- advantaged oil investments and how you can use them to fire up your portfolio.

 

Read full article:  https://www.investopedia.com/articles/07/oil-tax-break.asp

Source:  Investopedia