The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: bought forest property||Date: 2/14/2013 11:57 PM|
|Author: Jeanwa||Number: 117779 of 121219|
Are you planting the walnuts and apples to later harvest them to sell the fruit and nuts, to sell the timber when mature or because you like them?
I think you need to find an expert. Here's a place to start.
This link was near the end of the pdf.
My in-laws had a tree farm in CA, but that was in the '80s and I wasn't really involved in it. Theirs was a softwood tree farm. Christmas trees and pine and fir timber. I remember something about trees being long term capital gains when sold...not inventory, but that's about it. Like I said it was awhile ago.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|