P — "Partial Destruction of Timber" to "Purchaser Credit "

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Partial Destruction of Timber

see "Casualty Losses" this index

Partnership

Generally

Sales to partner

Hitchcock
McGrew

Passive Activities

Generally
IRC Section 469
Regs. 1.469-1
1000 Friends of Oregon
Ag. Handbook (pg. 40)

Activity defined

Ag. Handbook (pg. 40)

Limits on deduction of losses

Ag. Handbook (pg. 40)

Material participation

Ag. Handbook (pg. 40)

Personal Use, Property Held for

Ag. Handbook (pg. 17, 74)

Plantation Account

For reforestation expenses

Ag. Handbook (pg. 23, 111)
see also "Depletion Allowance, immature timber account" this index

Planting Expenses

see "Reforestation Expenses" this index

Portfolio Income

see "passive Activities" this index

Preproductive Period

Generally

see "Carrying Charges" this index

Timber Stand Improvement

see "Timber Stand Improvement" this index

Primarily for Sale, Timber Held for

see "Disposal with a Retained Economic Interest" this index

Private Foundations

see "Taxes, Excise, private foundation" this index

Profit, How Defined

For timber investment and business

Ag. Handbook (pg. 17, 39)

Property Taxes

see "Ad Valorem Taxes" this index

Property Used in Trade or Business

Capital gains v. ordinary income

IRC Section 1231(b)
Norton
Ouderkirk
Ag. Handbook (pg. 53)

Proprietary Interest Requirements

see "Cutting as a Sale or Exchange" this index

Pruning and Shearing Expenses

see "Christmas Trees" this index

Public Timber

Holding period

Clemens

Purchaser credit (roads)

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

Purchaser Credit (Roads)

see "Public Timber" this index