No you cannot just use the basis of the land ... you did...

Inherited property in 1995, can I use cost basis for timber cut in 2016? Where would I include the cost basis?

jngpope · Jun 6, 2019 5:57:04 AM

<P>Can I subtract the cost basis of inherited property (1995) from the amount received from cut timber (2016)? Where would I notate cost basis on tax forms?<BR /></P>

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Inherited property in 1995, can I use cost basis for timber cut in 2016? Where would I include the cost basis?

Inherited property in 1995, can I use cost basis for timber cut in 2016? Where would I include the cost basis?

Inherited property in 1995, can I use cost basis for timber cut in 2016? Where would I include the cost basis?

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Inherited property in 1995, can I use cost basis for timber cut in 2016? Where would I include the cost basis?

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Inherited property in 1995, can I use cost basis for timber cut in 2016? Where would I include the cost basis?

Inherited property in 1995, can I use cost basis for timber cut in 2016? Where would I include the cost basis?

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