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Report the sale of timber in exactly the same place and manner as the sale of Stocks, Mutual Funds, Bonds and Other (timber is an "other").
- For "What type of investment did you sell? ", enter "Other".
- For "Description" enter "Timber",
- For "When did you receive this investment?", use the date you acquired the timber property.
- For cost basis, see Determining Timber Cost Basis | MU Extension or use another method that you can justify.
Here are two screenshots that show where these entries are made:
