Form T (Timber) - Forest Activities Schedule Page 3
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Form T (Timber) (Rev. 12-2013)
Page
Part III
Profit or Loss From Land and Timber Sales (see instructions)
1
Name of block and title of account
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Location of property (by legal subdivisions or map surveys)
b Date of sale
3 a Purchaser’s name and address
4
Amount received: a In cash .
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b In interest-bearing notes .
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c In non-interest-bearing notes
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5a Amount of other consideration .
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b Explain the nature of other consideration and how you determined the amount shown on line 5a:
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Total amount received for property. Add lines 4a, 4b, 4c, and 5a
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Cost or other
7
Cost or other basis of property:
Unit
Number of units
Total cost or other basis
basis per unit
Acre
a Forested land
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Acre
b Nonforested land
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Acre
c Improved land (describe)
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{
d Merchantable timber. Estimate in detail the
quantity of merchantable timber on the date
of sale or exchange. Include the quantity of
timber in each species of timber by
diameter at breast height (DBH) classes.
State the log rule used if the unit of measure
is thousand board feet (MBF), log scale. If
another unit of measure is used, provide
details.
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{
e Premerchantable timber .
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f
Improvements (list separately)
g Mineral rights
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h Total cost or other basis. Add lines 7a through 7g
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Direct sale expenses (cruising, marking, selling) .
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8
Profit or loss. Subtract the sum of lines 7h and 7i from line 6 .
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T (Timber)
Form
(Rev. 12-2013)
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