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SUMMARY:Keeping More of Your Timber Income Following a Timber Sale
DESCRIPTION:Learn about one of the top ways forest landowners save taxes—receiving capital gain treatment on timber sales. A landowner may only sell their timber a few times in their life but understanding how to maximize profit and minimize taxes when harvesting takes some thought. Join this presentation for a detailed discussion of how to qualify for capital gain treatment under IRC 631(a) & (b)\, recordkeeping tips\, and proper tax reporting. Tax treatments of cost-sharing payments will also be covered briefly. \nInfo here.
URL:https://conservationprotraining.org/event/keeping-more-of-your-timber-income-following-a-timber-sale/
CATEGORIES:Partner Event
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