Capital Gains Determination
To determine if your sale qualifies for capital gains treatment you must first identify what was sold, either stumpage (standing timber) or cut products.
Stumpage, or standing timber is exactly that, trees that have been sold but not yet severed from their roots by cutting. This would also include the wood in trees that have been blown over or broken by wind, ice storms, etc. Whereas cut products are the result of some process. This would include logs, lumber, pulpwood, poles, mine timbers, etc., that were manufactured from standing timber and then sold.
What did you sell?