sell of tree on land

Mar 14, 2005 2 Replies

I just got a house in portland Oregon last week, there is about $50,000 of tree on the land I wish to sell the tree (Black walnut), is it better to wait till I have owned the house for a year before I sell the tree? thanks wheeler



P.S. you all are great help to me thru the years!



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No, as you are not selling the land that the tree is on. However, see "depletion" as it relates to timber (or is that overkill for this situation?).

NC State University has an excellent free publication on the timber industry available at:

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From your post I assume you will qualify for capital gains treatment so you should wait until you have held the property more than a year. You should get an appraiser to split the purchase price between the house, the land and the timber; unless you had the foresight to apportion the purchase price in the contract.

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