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Land Sale
How do I list land that was originally inherited in 1998 and sold in 2021? What information must I have when filing? What IRS forms must be completed?
Timber was cut a few years later and reported on my income taxes.
A company was paid to plant trees in 2001.
A company was paid to have the trees thinned in 2009.
I also paid to have the timber appraised.
A fire lane was cut also.
Can any of these expenses be used?
This land was put in a land-use or present-use evaluation program to lower my property taxes. Property taxes have been paid each year.
Thank you.
‎January 26, 2022
9:50 AM