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Financial Planning / Tax Strategies
|Subject: Re: bought forest property||Date: 2/14/2013 11:57 PM|
|Author: Jeanwa||Number: 117779 of 121061|
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.
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