L — "Land Clearing" to "Losses"

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Land Clearing

Land clearance expenses

Regs. 1.182-2
Regs. 1.611-3(a)
Rev. Rul. 55-252
Rev. Rul. 66-18

Land Management Expenses

McMullan (1982)
Union Bag-Camp Paper Corp. (1963)
Ag. Handbook (pg. 38)

Lease v. Cutting Contract

Generally

Regs. 1.631-2(e)(1)
Rev. Rul. 62-81
Rev. Rul. 62-82
Rev. Rul. 75-59
Camp
Dyal
Lawton
Superior Pine Products
Union Bag-Camp Paper Corp. (1963)
Union Bag-Camp Paper Corp. (1966)

Fair Market Value of Timber

how determined

Bridges (1979)
see also "Cutting as a Sale or Exchange" this index

Interest

Rev. Rul. 78-267

License v. Sale

Jantzer
Lowes Lumber Co.
Springfield Plywood Co.

Like-Kind Exchanges

see "Exchanges" this index

Liguidation of Timber Holdings

Capital Gain v. Ordinary Income

Broadhead (1966)
Consolidated Naval Stores
Hines
Huxford
Kirby Lumber Co. (1969)
Three States Lumber Co.

Logging Roads

Generally

Casey
Converse
Regan
Ag. Handbook (pg. 29, 139)

Depreciation of

Rev. Rul. 68-281
Rev. Rul. 88-99

Investment Credit

Rev. Rul. 68-281

Public Timber

Rev. Rul. 71-354

Purchase Credit

Rev. Rul. 71-354
Rev. Rul. 75-306

Road use fees

as capital gain

Watts

as deductible expense

Watts

as ordinary income

Wineberg

Losses

Abandonment

assignment of contract

J.R. Simplot Co.

cutting rights

robinson

timber license

Los Angeles Shipbuilding

Business losses

regs. 1.270-1(b)(2)
Clark
St. Germain

does not reduce Sec. 631(a) gain

Foster Lumber Co. (Sup. Ct.)
KDI Navcor
Pope and Talbot

Capital v. Ordinary

purchase price discount

Smith

transfer of contract

J.R. Simplot Co.

carryback of net operating losses

Foster Lumber Co.
KDI Navcor

Casualty losses

see "Casualty Losses" this index

Forefeiture of deposit on timber sale contract

Lamm Lumber Co.

Passive Activity

see "Passive Activities" this index

sale to related business entity

McGrew