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    #1

    timber sale

    Taxpayer sold timber off some investment property and had a $50000 gain. Client contends
    it is nontaxable if he invests in similar timber property within a 3 yr period. I have never
    heard of this. Is this possible as some type of nontaxable exchange?

    Thanks in advance for any input, Dixie in NC
    Tags: None
    #2
    Look at old posts...

    Discussed a long time ago. Long term capital gain I never have heard of a delay in reporting..

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      #3
      This site may help: http://timbertax.com/index.htm

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