S — "Sale" to "Stumps"

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Sale v. License

Jantzer
Lowes Lumber Co.
Springfield Plywood Corp.

Sales, Type of

Defined

Ag. Handbook (pg. 51)

Disposal on the stump

Ag. Handbook (pg. 46)
see also "Outright Sale - Capital Gain v. Ordinary Income" this index

Pay as cut contract

Ag. Handbook (pg. 53)
see also "Disposal with a Retained Economic Interest" this index

Products cut from timber

Ag. Handbook (pg. 46, 61)
see also "Cutting as a Sale or Exchange" this index

Salvage of Damaged Timber

Required for casualty loss determination

Ag. Handbook (pg. 68)
see also "Casualty Losses" this index

Scaling of Logs

see "Quantity of timber, Determination of" this index

Selling Expenses

Generally

Rev. Rul. 58-266
Rev. Rul. 71-334
Drey (1982)
McMullan (1978)
Southern Pacific
Union Bag-Camp Paper Corp. (1963)
Warner Mountains Lumber Co.
Willmington Trust Co.
Ag. Handbook (pg. 45)

Direct expense of disposal

Rev. Rul. 58-266
Rev. Rul. 71-334
McMullan (1978)
Union Bag-Camp Paper Corp (1963)
Ag. Handbook (pg. 45)

Self Employment, Net Earnings From

Independent contractor

Walker

Timber gain or loss

IRC Section 1402(a)(3)(b)
Regs. 1.1402(a)-6(a)
Ag. Handbook (pg. 51, 86)

Severance Damages

see "Damage Awards" this index

Shearing of Christmas Trees

see "Christmas Trees" this index

Site Preparation or Improvement Expenses

see "Reforestation Expense" this index

Soil and Water Conservation Expenditures

see "Farming Status" this index

Source of Income

Within or without the U.S., timber proceeds

Reg. 1.863-1(b)

Special Use Value

IRC Section 2032A
Rev. Rul. 05-41

As basis for assets

Ag. Handbook (pg. 21)

State Timber Taxation

Property taxes

see "Ad Valorem Taxes" this index

Severance taxes

see "Ad Valorem Taxes" this index

Yield taxes

see "Ad Valorem Taxes" this index

Stumpage

see "Sale, Type of" this index

Stumps, Sales of

Rev. Rul. 57-9
Jordan
see also "Tops, Limbs, Chips and Stumps" this index