Publications > Internal Revenue Service > Audit Manual - Timber Industry > Chapter 200 - Special Code Provisions

Internal Revenue Manual
Specialized Industry Guidelines - Timber
Section 220, Time of Disposal
Last amended: 6-26-1978

Time of Disposal

The disposal of timber under IRC 631(b) takes place at the time the timber is cut. For holding period purposes, however, the owner may, if payment is received before cutting, elect to treat the date of advance payment as the date of disposal.