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Commonly Asked Questions about Timber Sale Legal Agreements

The Timber Yield Tax is a property tax paid by timber owners when they harvest trees, or timber. The California Department of Tax and Fee Administration (CDTFA) administers and collects the Timber Yield Tax, which, after state administrative costs, is allocated to the counties where the timber was harvested.
1. : the value of standing timber. 2. : uncut marketable timber. also : the right to cut it.
In this case, the sale of the timber may be subject to long-term capital gains tax rates, which are typically lower than short-term capital gains tax rates. To report the sale of timber on your tax return, you may need to file Form 4797 or use Schedule C and/or Schedule F.
Stumpage price means the market value of standing trees (on the stump) prior to felling and removal, and is expressed in dollars per unit of volume (MBF or cords).
A written timber sale agreement or contract is generally the preferable and safest method of selling timber. A written contract is a legally binding document that protects both the buyer and the seller (the landowner) from misunderstandings that may develop in the absence of such an agreement.
For people in the 10 and 15 percent ordinary tax brackets, there is no tax on long-term capital gains. Qualifying for long-term capital gains rates depends on your holding period which is determined by how and when the timber was acquired. If timber is purchased, the timber must be owned for more than one year.
Stumpage is the price a private firm pays for the right to harvest timber from a given land base. It is paid to the current owner of the land. Historically, the price was determined on a basis of the number of trees harvested, or per stump.