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I inherited timber land last year, i sold no timber in 2018. Must I submit anything for 2018 or can I do it all in my 2019 return, when I will actually sell timber?
I plan on treating the timber land as “investment” property. I will sell timber occasionally, every 5 years or so, but will have operating/management expenses every year.
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June 1, 2019
8:44 PM