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Deductions & credits
Timber sales are usually from an unmaintained forest and sold as capital gain income, not as earned income (schedule F) therefore schedule F expenses for timber sales may be a red flag to the IRS.
If you start operating a cattle ranch and have calf sales from cows or breeding stock sales, that would be entered on schedule F along with ordinary expenses used in a cattle ranch, this would include your tractor depreciation.
‎June 6, 2019
2:14 AM