### Question
How does DEFINITIONS define mineral or natural resource?


### Answer
Under *26 U.S.C. § 7704*, **mineral or natural resource** is defined as:

> any product of a character with respect to which a deduction for depletion is allowable under section 611

#### Citation:
  - *26 U.S.C. § 7704*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 79-DEFINITIONS**

