Ag Tax Tidbits line
  • Tax Issues
    Find out about everything from income tax to gift taxes.

  • Calendar
    A calendar to help you stay on top of those tax dates.

  • FAQ
    Frequently Asked Questions about tax issues.

  • Links
    Related web sites containing tax information.

  • Feedback
    Question? Need help? Send us a note!

    • Frequently Asked Questions

      Q : My farm has a few large oak and walnut trees that a timber harvester has offered a lump-sum payment of $20,000 for the trees - will this be ordinary farm income?

      A : The American Jobs Creation Act of 2004 changed the rules regarding timber sales. Effective for sales after 2004, the Act applies capital gains treatment to outright sales of timber by a landowner - whether the sale is a lump-sum or an economic interest is retained.

      Back to FAQ

    Information provided by:
    Parman R. Green,
    Ag Business Management Specialist
    111 N. Mason
    Carrollton, MO 64633
    Phone: 660-542-1792

    University of Missouri Extension

    Date reviewed: April 2001

    Site maintained by people at AgEBB at the University of Missouri-Columbia.