Since I see no category to post this in, I am wondering how many are familiar with the short term capital gains form? My husband and his brother are having to use one for some timber that was sold this past year on 42 acres of land he and his brother co-own. The man that cut the timber sent both parties a check every time he cut and hauled it off to the lumber mill. Has anyone else on here ever had property and sold timber? I'm wondering if this can be listed on just one line or if I have to list every check separate. I always do our taxes myself and this is a first. To make things more confusing the instruction book for Schedule D says if you need to use the form, how do you know?
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SWGB
Since I see no category to post this in, I am wondering how many are familiar with the short term capital gains form? My husband and his brother are having to use one for some timber that was sold this past year on 42 acres of land he and his brother co-own. The man that cut the timber sent both parties a check every time he cut and hauled it off to the lumber mill. Has anyone else on here ever had property and sold timber? I'm wondering if this can be listed on just one line or if I have to list every check separate. I always do our taxes myself and this is a first. To make things more confusing the instruction book for Schedule D says if you need to use the form, how do you know?
You could try St. Joe, but it's been a few years...
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