qualified timber gain
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1201 — for purposes of this section (6 versions over time)
For purposes of this section, the term “qualified timber gain” means, with respect to any taxpayer for any taxable year, the excess (if any) of—
(A) the sum of the taxpayer’s gains described in subsections (a) and (b) of section 631 for such year, over
(B) the sum of the taxpayer’s losses described in such subsections for such year.