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While there's no way to avoid paying taxes on money you make from your minerals, there may be ways to help soften the blow. If you sell your royalties, you might qualify for the lower capital gains tax rate and save money on your taxes. A 1031 like-kind exchange can potentially help you save even more.
26 U.S. Code § 636 - Income tax treatment of mineral production payments. A production payment carved out of mineral property shall be treated, for purposes of this subtitle, as if it were a mortgage loan on the property, and shall not qualify as an economic interest in the mineral property.