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Can I assign a portion of the cost of land purchased in 1986 as basis in the sale of standing timber sold in 2020?
-john_q_public
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Can I assign a portion of the cost of land purchased in 1986 as basis in the sale of standing timber sold in 2020?
Purchased 107 acres land in 1986. Area timbered in 2021 around 5 acres.
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TurboTax Self Employed Online
March 8, 2021
12:03 PM
