Got it thanks
Couple of more questions and I'm done on this subject!
1: There were fees included with the purchase of this land tract:
a: Items payable in connection with loan: Origination Fee, etc.
b: Title change fees and title insurance
c: Filing Taxes
Can I deduct these expenses this year?
2: If I sell the timber for $100,000 and I show the "Depletion" against the sale at $100,000 how does it matter if it has been more or less than one year?
Thanks again
