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Tennessee Hunting Forums
Quality Deer Management
White oak log prices
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<blockquote data-quote="pass-thru" data-source="post: 4143535" data-attributes="member: 2382"><p>You can have a qualified forester submit evaluations. I don't believe it's necessary though. If you own the land for at least a year, and the cut on a pay per load basis, you should be good. I have heard of getting evaluations for the purpose of having timber cuts treated as a reduction in basis.....which would result in no tax to the extent basis is reduced. If that's actually legal. If you sell the stumpage as a boundary, I'm not sure what hoops need to be jumped through to get capital gains treatment.</p></blockquote><p></p>
[QUOTE="pass-thru, post: 4143535, member: 2382"] You can have a qualified forester submit evaluations. I don't believe it's necessary though. If you own the land for at least a year, and the cut on a pay per load basis, you should be good. I have heard of getting evaluations for the purpose of having timber cuts treated as a reduction in basis.....which would result in no tax to the extent basis is reduced. If that's actually legal. If you sell the stumpage as a boundary, I'm not sure what hoops need to be jumped through to get capital gains treatment. [/QUOTE]
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