Catherine Posted October 14, 2022 Report Share Posted October 14, 2022 Got a query today from someone in western MI looking to purchase an agricultural and timber operation (or buy the land and start same). Anyone here have expertise in those areas and up for taking on a new client? Quote Link to comment Share on other sites More sharing options...
Lee B Posted October 14, 2022 Report Share Posted October 14, 2022 I searched, we don't really have any active members from Michigan. Slippery Pencil posts on the board from time to time. 1 Quote Link to comment Share on other sites More sharing options...
Catherine Posted October 15, 2022 Author Report Share Posted October 15, 2022 Thanks, @cbslee - anyone familiar with Michigan or at least with agri/timber interests would be helpful. All I know about timber is that there is depletion and oddities in figuring basis. Quote Link to comment Share on other sites More sharing options...
Lynn EA USTCP in Louisiana Posted October 15, 2022 Report Share Posted October 15, 2022 Did you look here https://www.timbertax.org/ ? 2 Quote Link to comment Share on other sites More sharing options...
Catherine Posted October 15, 2022 Author Report Share Posted October 15, 2022 Never knew it existed! Thank you so much, @Lynn EA USTCP in Louisiana! Quote Link to comment Share on other sites More sharing options...
schirallicpa Posted October 19, 2022 Report Share Posted October 19, 2022 Dabbled in little timber operations in New York. How are they structuring? Quote Link to comment Share on other sites More sharing options...
Catherine Posted October 20, 2022 Author Report Share Posted October 20, 2022 6 hours ago, schirallicpa said: Dabbled in little timber operations in New York. How are they structuring? I don't know; that would be a conversation to have with the client. I have no knowledge of how an entity structure could help or hinder the client's efforts. Quote Link to comment Share on other sites More sharing options...
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