Prior to May 28, 2009, pay-as-cut sales proceeds were not required to be reported on 1099 information forms.  However, in T.D. 9450, the Treasury Department clarified that both pay-as-cut timber sales and lump-sum timber sales are now required to be reported on Form 1099-S.

Please contact our office if you need more information.  We would be more than happy to assist.