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Timber sold off burnt land

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    Timber sold off burnt land

    My people have a farm on which they raise cattle. This year there was a fire that consumed many acres. some to the land was open pasture and hay fields, but some acres were native pine groves. They have sold the burnt timber at a reduced price off of land that has been gifted and inherited over several generations. How do I handle this?

    #2
    It probably

    is Schedule D long term gains........

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