Add to ORKGAn important part of managing your timber is managing your timber sale tax. The question is not whether the sale of your standing timber is taxable, but rather will the Internal Revenue Service (IRS) view the sale as ordinary income, or will you be able to report the income as a long-term capital gain? There are several good reasons to make sure that the sale of your timber qualifies as a capital gain. First, the income from your sale will be taxed at a lower rate. Second, there is no limit on using your capital losses to offset your capital gains. However, capital losses can only be used to offset $3,000 of ordinary income per year. Lastly, if you treat growing your timber as a business, then the capital gain from selling the timber is exe...
The lessor and the sublessee of a valuable piece of business property sought to remove the interveni...
The Act allows taxation of standing timber when it is cut or sold. The Act also allows certain quali...
During the course of operating a farm or ranch business, producers will dispose of property (e.g., l...
Forest owners have a number of federal income tax incentives available to them. Growing timber can 2...
As a forest landowner, you may someday contemplate the sale of your timber. The gain from the sale o...
Section 631(b) of the Internal Revenue Code qualifies for capital gains treatment income derived fro...
Petitioner sold a farm owned over six months upon which was a growing but unmatured wheat crop. When...
In 1936, a taxpayer sold his interest in a partnership the assets of which were mainly acquired subs...
The question of whether a receipt or accrual is of a capital nature or not has vexed the courts, leg...
This Comment examines the recent development of tax strategies by which a homeowner, desiring to sel...
Taxpayer, a tenant in possession of premises under a lease, received a payment from the lessor to va...
The sale of property by a taxpayer to a corporation which he controls has been a frequently attempte...
Because of the current low capital gains rates, many speculative investors are selling large parcels...
The capital stock tax is an excise tax levied not on the business itself but on the exercise of the ...
If you own timber but hesitate to manage a small landholding for income, this guide will walk you th...
The lessor and the sublessee of a valuable piece of business property sought to remove the interveni...
The Act allows taxation of standing timber when it is cut or sold. The Act also allows certain quali...
During the course of operating a farm or ranch business, producers will dispose of property (e.g., l...
Forest owners have a number of federal income tax incentives available to them. Growing timber can 2...
As a forest landowner, you may someday contemplate the sale of your timber. The gain from the sale o...
Section 631(b) of the Internal Revenue Code qualifies for capital gains treatment income derived fro...
Petitioner sold a farm owned over six months upon which was a growing but unmatured wheat crop. When...
In 1936, a taxpayer sold his interest in a partnership the assets of which were mainly acquired subs...
The question of whether a receipt or accrual is of a capital nature or not has vexed the courts, leg...
This Comment examines the recent development of tax strategies by which a homeowner, desiring to sel...
Taxpayer, a tenant in possession of premises under a lease, received a payment from the lessor to va...
The sale of property by a taxpayer to a corporation which he controls has been a frequently attempte...
Because of the current low capital gains rates, many speculative investors are selling large parcels...
The capital stock tax is an excise tax levied not on the business itself but on the exercise of the ...
If you own timber but hesitate to manage a small landholding for income, this guide will walk you th...
The lessor and the sublessee of a valuable piece of business property sought to remove the interveni...
The Act allows taxation of standing timber when it is cut or sold. The Act also allows certain quali...
During the course of operating a farm or ranch business, producers will dispose of property (e.g., l...