USA capital gains tax on timber
redoak at forestmeister.com
Mon Nov 17 10:12:09 EST 1997
Taxes is NOT one of my favorite subjects and I don't know anywhere near
as much as I should. The subject seldom comes up in my work, but in my
recent timber sale, the landowner said he'll consider a capital gains
treatment of the profits.
I know that I'll have to come up with an estimate of the value of the
timber when he bought the property.
But I vaguely seem to recall that there was a major overhaul of capital
gains treatment on timber recently. Was it done away with?
So, what's the scoop? Der Forestmeister is in the dark on this one.
More information about the Ag-forst