luvmexfood
Silver Member
Just a thought and I am not by any means knowledgeable in taxes. I just wonder if it would even be considered a timber sale for tax purposes. Your not cutting anything for timber. All you are doing is a salvage operation of something left behind by others. Now if the power company had paid you for the value of the timber they were taking down then that might fall into the relm of income from selling timber. There are some documents that can be obtained online from either the Forest Service or IRS, not sure which, that are specific to timber sells. Your not talking about a lot of money here.
In glancing at these regulations they keep mentioning "standing timber". I relate this sale similar to selling some scrap metal you have or may pick-up left behind by others. Once it is cut by others and left to rot it makes me wonder what category it would fall into.
In glancing at these regulations they keep mentioning "standing timber". I relate this sale similar to selling some scrap metal you have or may pick-up left behind by others. Once it is cut by others and left to rot it makes me wonder what category it would fall into.
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