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Can annual mileage visiting your timber each year be included in the cost basis when you sell it ???

BENDER
Level 1
 
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Ernie
Level 9

"Hay - Sarah - I am going to go up and visit my timber you want to come along?"

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3 Comments 3
Ernie
Level 9

"Hay - Sarah - I am going to go up and visit my timber you want to come along?"

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IRonMaN
Level 15

I think the IRS would prefer if Timber would setup a Facebook account and save the miles. 

I don't know the details involved here, but the way the question is being asked, I'm guessing it could be a stretch to include the mileage.


Slava Ukraini!
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qbteachmt
Level 15

Hey, Bender: you Already Asked:

https://accountants-community.intuit.com/questions/1819250-can-i-include-mileage-to-from-my-farm-to-...

I will Close this duplicate topic. Please continue in the First One you start for a subject. Thanks.



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