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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: 4143575" data-attributes="member: 2382"><p>I probably should have said "timber as a boundary." Stumpage is the price paid at the mill. Selling a boundary means you get a fixed price for the timber on the acreage, like a lump sum. Pay as cut means you get paid for each load that is cut, either a fixed price for the load or a percentage, etc.</p><p></p><p>Tax basis is what you paid for an asset, or what you have invested in it. When you sell the asset, anything over your basis is taxable (with some exceptions). When you die, your assets get a stepped up basis to the value at the time of your death. That is one advantage to holding on to real estate and passing it through your estate, if it is has increased in value since you bought it.</p></blockquote><p></p>
[QUOTE="pass-thru, post: 4143575, member: 2382"] I probably should have said "timber as a boundary." Stumpage is the price paid at the mill. Selling a boundary means you get a fixed price for the timber on the acreage, like a lump sum. Pay as cut means you get paid for each load that is cut, either a fixed price for the load or a percentage, etc. Tax basis is what you paid for an asset, or what you have invested in it. When you sell the asset, anything over your basis is taxable (with some exceptions). When you die, your assets get a stepped up basis to the value at the time of your death. That is one advantage to holding on to real estate and passing it through your estate, if it is has increased in value since you bought it. [/QUOTE]
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