Where do I enter expenses incurred from a timber sale?

maggie2 · ‎June 4, 2019

I have entered the income in the investment section for a long term gain. There are expenses such as road improvement, clean up, replanting. Where do I enter those expenses?

NancyG · ‎June 4, 2019

Those expenses would be added to your cost to become part of your cost/basis and reduce your capital gain from the sale.

Click this link for further information about determining your basis TimberTax - Determine Your Basis

Click this link for further information about reporting the sale of a capital asset

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Where do I enter expenses incurred from a timber sale?

Deductions & credits