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I had 15 acres of pine trees and sold them. How do I file that?

 
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AmyT
New Member

I had 15 acres of pine trees and sold them. How do I file that?

Timber sales are reported as a long-term captial gain with $0 basis.  

To get to the input area for reporting the sale:

  • Sign in to your account and click on the orange Take me to my return button (skip this step if you are already in your return)
  • Click on Search at the top of the screen
  • Input "investment sales" in the search box and hit enter
  • The first link available should be Jump to investment sales - click on this link
For the date purchased, you will probably want to use the date you purchased the property (assuming that it was a least a year prior to the sale date).  

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