WebSelling Your Timber. Trees require many years of growth to become merchantable timber products. Well-managed pine trees growing in fertile soil could be thinned for pulpwood in … WebYou hired and directed a logger to cut your timber (owned more than 1 year) and sell the logs to a mill you specified for $20,000. You paid the logger $4,000 for cutting and hauling the timber. The FMV of the standing timber on January 1, 2024, was $15,000, and your timber depletion (see below) was $2,000. If you made a section 631(a) election, an

How Much Does Timber Sell For Per Acre? - TreeCutPros

WebJul 6, 2016 · You would deduct $20,000 of the $40,000 depletion that year. You would add the remaining $20,000 depletion to your closing inventory of timber products. Electing to treat the cutting of timber as a sale or exchange. You can elect, under certain circumstances, to treat the cutting of timber held for more than 1 year as a sale or exchange. prince william medical condition

DO and DON’T Tips on Selling Your Timber - South Carolina …

WebLearning from experience can be very expensive when it comes to timber sales. Years of growth and value are accumulated in a mature timber stand, and the combined annual income from all those years is frequently marketed in a single transaction. When and how you sell your timber can influence how much money you make, your overall financial ... WebCommon types of sales are a lump sum payment, payment by unit of timber cut, or a percentage of the value based on the amount paid by the mill. There can be advantages and disadvantages to each of these types of sales. So, pause and learn more, plan well, and then act. Get started selling your timber. Additional Resources WebMar 5, 2024 · One way that landowners look to make some extra income is by selling timber off of their property; especially in farm woodlots and rural woodlands. If you own acres or … prince william medical center va