The Forestry Forum is sponsored in part by:


Forestry Forum
Sponsored by:


TimberKing Sawmills




Toll Free 1-800-582-0470

LogRite Tools



Forest Products Industry Insurance


Norwood Industries Inc.


Sawmill & Woodlot Magazine



Your source for Portable Sawmills, Edgers, Resaws, Sharpeners, Setters, Bandsaw Blades and Sawmill Parts

EZ Boardwalk Sawmills. More Saw For Less Money!

STIHLDealers.com sponsored by Northeast STIHL


Woodland Sawmills

Peterson Swingmills

 KASCO SharpTech WoodMaxx Blades

Turbosawmill

Sawmill Exchange

BRUTE FORCE Authorized Dealer

Woodshax Outdoor Vending Solutions

FARMA


Council Tool

Baker Products

ECHO-Bearcat

Arborwear



Author Topic: Timber Sales Tax Code Questions for Texas  (Read 436 times)

0 Members and 1 Guest are viewing this topic.

Offline Martin Lazarine

  • Member*
  • *
  • Posts: 1
  • I'm new!
    • Share Post
Timber Sales Tax Code Questions for Texas
« on: July 14, 2017, 10:23:58 AM »
I am new on this Forestry Forum.
We have buyers calling me making lump sum offers over the phone to harvest the timber on our Shelby County TX property.
How should I handle the taxes where I get taxed the least?
I've read on a University of Missouri Forestry Extension website about timber sales taxes.
They mentioned about a capital investment gains tax code is the best way to handle all this.
But. I am not sure that it may apply to only Missouri residents.

Thanks,

Martin L. Lazarine, Jr.

Offline timberking

  • Full Member x2
  • ***
  • Posts: 132
  • Age: 60
  • Location: marshall, texas
  • Gender: Male
  • I'm new!
    • Share Post
Re: Timber Sales Tax Code Questions for Texas
« Reply #1 on: July 14, 2017, 12:58:04 PM »
Find a Texas CPA.  Do you have a cost basis established?

Offline Texas Ranger

  • Forester
  • *
  • Posts: 6412
  • Age: 77
  • Location: Livingston, Texas, God's Country
  • Gender: Male
  • Texan, by God and by choice.
    • Share Post
Re: Timber Sales Tax Code Questions for Texas
« Reply #2 on: July 14, 2017, 02:24:18 PM »
fill out some of your personal stuff so we know where you are located.  If in south east there is a good CPA in Livingston to help with these problems.
The Ranger, home of Texas Forestry


Share via delicious Share via digg Share via facebook Share via linkedin Share via pinterest Share via reddit Share via stumble Share via tumblr Share via twitter

xx
NHLA Sales Code

Started by Curlywoods on General Board

6 Replies
1227 Views
Last post June 26, 2005, 08:07:01 PM
by Curlywoods
xx
Code of Standards for Timber Framing

Started by logman on Timber Framing/Log construction

12 Replies
3538 Views
Last post September 02, 2012, 09:53:17 PM
by Brad_bb
xx
Timber sales in NE TX or NW LA

Started by pattilou on Ask The Forester

1 Replies
727 Views
Last post July 20, 2012, 03:28:37 PM
by Texas Ranger
xx
Timber Sales Problem

Started by Gary_C on Forestry and Logging

7 Replies
1858 Views
Last post October 14, 2008, 10:13:44 PM
by Gary_C
 


Powered by EzPortal