bryan-fliegel
Level 2
03-31-2020
08:32 AM
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Thanks again George4Tacks. this is pretty much how we solved the issue. The one thing I found in working this problem out was that stumpage is slightly different from timber in most of the lititure... anyway the recommendation from Purdue (from your link) was this
Net gain (loss) = sale proceeds - allowable basis - sale expenses
thanks again for the help