The Forestry Forum
General Forestry => Forestry and Logging => Topic started by: Martin Lazarine 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.
Find a Texas CPA. Do you have a cost basis established?
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.