As stated previously, income derived from oil and gas UITs can be eligible for the depletion deduction, and a proportional share of deductible operating expenses is passed through as well. It should...

As stated previously, income derived from oil and gas UITs can be eligible for the depletion deduction, and a proportional share of deductible operating expenses is passed through as well. It should be noted that oil and gas UITs are usually riskier by nature than energy mutual funds, as any properties that cease to produce, for whatever reason, during the tenure of the trust cannot be replaced until maturity.