"wuffa" <magewuffa[at]gmail.com> wrote:

- quote -

NC State University has an excellent free publication on the
timber industry available at:

http://www.ces.ncsu.edu/nreos/forest/pdf/ag/ag296.pdf

From your post I assume you will qualify for capital gains
treatment so you should wait until you have held the
property more than a year. You should get an appraiser to
split the purchase price between the house, the land and the
timber; unless you had the foresight to apportion the
purchase price in the contract.

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wuffa wrote:

- quote -

No, as you are not selling the land that the tree is on.
However, see "depletion" as it relates to timber (or is that
overkill for this situation?).

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I just got a house in portland Oregon last week, there is
about $50,000 of tree on the land I wish to sell the tree
(Black walnut), is it better to wait till I have owned the
house for a year before I sell the tree?

thanks
wheeler

P.S. you all are great help to me thru the years!

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