<html><head><meta http-equiv="Content-Type" content="text/html; charset=UTF-8"></head><body ><div>Yes. Agree with Bryce. </div><div><br></div><div style="font-size:9px">Regards, </div><div style="font-size:9px"><br></div><div style="font-size:9px">Tom</div><div style="font-size:9px"><br></div><div style="font-size:9px">Sent from my Verizon Wireless 4G LTE smartphone</div><br><br><div>-------- Original message --------</div><div>From: Jim Doran <jim@doranlegal.com> </div><div>Date:04/20/2015 6:54 PM (GMT-08:00) </div><div>To: 'WSBA Real Property Listserv' <wsbarp@lists.wsbarppt.com> </div><div>Cc: Lloyd McGee <lmcgee@TNC.ORG> </div><div>Subject: Re: [WSBARP] 1031 Exchange and Like Kind Property </div><div><br></div><div class="WordSection1"><p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">In your opinion if there is a purchase agreement “before” the trees are cut, then they are real property. Right?<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D"><o:p> </o:p></span></p><div><p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">James R. Doran<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">Attorney at Law<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:10.0pt;color:#1F497D">100 E. Pine Street – Suite 205<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:10.0pt;color:#1F497D">Bellingham, WA 98225<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:10.0pt;color:#1F497D">(360)393-9506<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:10.0pt;color:#1F497D"><a href="mailto:jim@doranlegal.com"><span style="color:#0563C1">jim@doranlegal.com</span></a><o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:10.0pt;color:#1F497D">www.doranlegal.com<o:p></o:p></span></p></div><p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D"><o:p> </o:p></span></p><div><div style="border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in"><p class="MsoNormal"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com] <b>On Behalf Of </b>Tom J. Westbrook<br><b>Sent:</b> Monday, April 20, 2015 5:54 PM<br><b>To:</b> WSBA Real Property Listserv<br><b>Subject:</b> Re: [WSBARP] 1031 Exchange and Like Kind Property<o:p></o:p></p></div></div><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">Timber (trees) is part of the real estate. When severed, timber or trees become logs. Logs are personal property. The sale of logs cannot be part of a 1031 exchange – while the sale of trees on land can be part of a 1031. You just need to get the vernacular correct.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></p><div><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">Sincerely,<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">Tom<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">Thomas J. Westbrook<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">Attorney at Law<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></p><p class="MsoNormal"><span style="color:#1F497D"><img border="0" width="136" height="54" id="Picture_x0020_3" src="cid:image001.jpg@01D07B97.CE4C2800" alt="cid:image001.jpg@01CFC835.0D3988D0"></span><span style="font-family:"Arial",sans-serif;color:#1F497D"><o:p></o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">Rodgers, Kee & Card, P.S.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">324 West Bay Drive NW, Suite 201<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">Olympia, Washington 98502<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">Phone: 360-352-8311<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">Facsimile: 360-352-8501<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">Email: <a href="mailto:tjw@buddbaylaw.com">tjw@buddbaylaw.com</a><o:p></o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">Skype: thomas.westbrook<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D"><a href="http://www.buddbaylaw.com">www.buddbaylaw.com</a><o:p></o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">The information contained in this email and attachment(s) are for the exclusive use of the addressee(s) and may contain private, privileged and/or confidential information. If you are not the addressee, you are strictly prohibited from reading, photocopying, distributing or otherwise using this email or its contents in any way. If you have received this communication in error, please notify us immediately by telephone at 360-352-8311 or by e-mail to <a href="mailto:reception@buddbaylaw.com">reception@buddbaylaw.com</a>, and destroy the original message from your electronic files.<o:p></o:p></span></p></div><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></p><div><div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in"><p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif"> <a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">mailto:wsbarp-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>Jim Doran<br><b>Sent:</b> Monday, April 20, 2015 4:10 PM<br><b>To:</b> 'WSBA Real Property Listserv'<br><b>Subject:</b> [WSBARP] 1031 Exchange and Like Kind Property<o:p></o:p></span></p></div></div><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal"><span style="font-size:12.0pt">Here is the line from the IRS information website that I think clearly denies the use of a 1031 Exchange to a the situation where the owner of real property with timber on it sells the timber and then wants to use the proceeds from the timber sale to buy more real estate. The trees are personal property, are they not?<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p><p class="MsoNormal">“Real property and personal property can both qualify as exchange properties under Section 1031; but real property can never be like-kind to personal property.” <span style="font-size:12.0pt"> <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-size:12.0pt">James R. Doran<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:12.0pt">Attorney at Law<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:10.0pt">100 E. Pine Street – Suite 205<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:10.0pt">Bellingham, WA 98225<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:10.0pt">(360)393-9506<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:10.0pt"><a href="mailto:jim@doranlegal.com">jim@doranlegal.com</a><o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:10.0pt"><a href="http://www.doranlegal.com">www.doranlegal.com</a><o:p></o:p></span></p><p class="MsoNormal"><o:p> </o:p></p></div></body>