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Y
YLC
Level 5
March 4, 2026
Solved

Sale of Timber

  • March 4, 2026
  • 3 replies
  • 12 views

My client received a 1099-S for sale of timber, I reported it on 8949 (D).  Is this correct?

Thank you, Yvonne

Best answer by IRonMaN

As long as it shows up as a long term capital gain when the day is done, you are good to go.

3 replies

Just-Lisa-Now-
Just-Lisa-Now-Intuit Community Champion
Intuit Community Champion
March 4, 2026

maybe, was this in the course of a related business, or just a personal sale?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Y
YLCAuthor
Level 5
March 4, 2026

Personal

Y
YLCAuthor
Level 5
March 5, 2026

I have put the sale of timber using the Capital Assets worksheet under form 8949 reporting exception transactions, which only asks for the proceeds and costs.  This flows to schedule D.  Not sure this is correct, but I don't think it goes under the farming 8949F as suggested by someone else.  Isn't there a place to directly input the 1099-S (proceeds from real estate transactions)?

Thanks again, Yvonne

A
anniebear
Level 5
March 4, 2026

I would put it on 8949 F (sale not reported on 1099b)

    IRonMaN
    IRonMaN
    Level 15
    March 4, 2026

    "Is this correct?"

    Yes.

    Slava Ukraini!
      Y
      YLCAuthor
      Level 5
      March 5, 2026

      See my last post, you agree this is correct?  Thank you

      IRonMaN
      IRonMaNAnswer
      Level 15
      March 5, 2026

      As long as it shows up as a long term capital gain when the day is done, you are good to go.

      Slava Ukraini!
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