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What are your trees worth?

This time of year Larry Godsey gets a lot of calls from woodland owners asking for advice about taxes on timber they have sold.

Godsey, an economist with the Center for Agroforestry at the University of Missouri, usually starts by asking, "What is your basis?"

A lot of woodland owners don’t know, and that means they could be selling their timber for too little, and paying too much in taxes.

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