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What are 4 types of logging?

Types of logs Electrode resistivity devices. Induction logging. Microresistivity logs. Spontaneous (SP) log.

What is a contract log?

Contract Log means a log of contracts, maintained by the Contract Administrator which is designed to prevent duplication of contract numbers. This log constitutes the departments contract inventory.

Can you make money selling timber?

Depending on current timber prices, you could make some money. If this is the only reason youre thinking about cutting timber (but arent excited about removing your park-like trees), there are other options that dont involve cutting. In fact, you can make a healthy side income without cutting your trees at all.

How do I report timber sales on my taxes?

You may receive income by cutting timber and opting to treat that cutting as a sale, or by disposing of standing timber, which is known as stumpage. In this case the income is treated as a Capital Gain and is reported by the taxpayer on their Schedule D.

What is a stumpage contract?

With a stumpage sale, the buyer takes ownership of the timber from the landowner when the trees are harvested. Stumpage rates are proposed by the buyer (typically a logging contractor, forester, or mill) and stumpage paid to the landowner in exchange for the right to harvest their timber.

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