Forestry Tax Information and Forms
Information on Forestry Taxes
Catastrophic Events, Tree Damage and the IRS
Trees damaged by fire or storm may be entitled to a federal tax deduction in the form of a "casualty loss".
Trees damaged by fire or storm may be entitled to a federal tax deduction in the form of a "casualty loss".
A Debilitating Forest Inheritance Tax
It would be nice to see the inheritance tax eliminated but that won't happen since it only benefits the 'rich'.
It would be nice to see the inheritance tax eliminated but that won't happen since it only benefits the 'rich'.
About Filing Your Forestry Taxes
Five important pointers to help you in filing federal taxes on your timber account...
Five important pointers to help you in filing federal taxes on your timber account...
Capital Gains versus Ordinary Income
...as applies when selling your timber (a PDF file).
...as applies when selling your timber (a PDF file).
Casualties, Thefts, and Involuntary Conversions
...from the University of Wisconsin School of Forest Resources (a PDF file).
...from the University of Wisconsin School of Forest Resources (a PDF file).
Definitions of Timber Tax
Timber tax definitions from Ohio State Extension...
Timber tax definitions from Ohio State Extension...
Determining tax basis of timber
National Timber Tax Website review on determining your timber tax basis.
National Timber Tax Website review on determining your timber tax basis.
Estate Planning for Forest Landowners: What will become of Your Timberland
This is the definitive guide (PDF) explaining how to plan your timbered estate.
This is the definitive guide (PDF) explaining how to plan your timbered estate.
Estate Planning
...more on estate planning from the University of Florida Extension.
...more on estate planning from the University of Florida Extension.
Federal Tax Forms
National Timber Tax Website provides the tax forms most used by forest landowners.
National Timber Tax Website provides the tax forms most used by forest landowners.
Forest Landowners Tax Council
FLTC is an independent, national non-profit organization dedicated to providing an effective and unified voice for non-industrial, private forest landowners on federal tax issues.
FLTC is an independent, national non-profit organization dedicated to providing an effective and unified voice for non-industrial, private forest landowners on federal tax issues.
How to treat timber sale income
Nation Timber Tax Website's review on how to treat timber sale income.
Nation Timber Tax Website's review on how to treat timber sale income.
Forest Owners Guide to the Federal Income Tax (AHN 718)
This is the USDA REVISED definitive guide to help you prepare you forest tax records. Ag Handbook 718 (PDF)
This is the USDA REVISED definitive guide to help you prepare you forest tax records. Ag Handbook 718 (PDF)
Forest Owners Guide to the Federal Income Tax (AHN 708)
This is the USDA definitive guide to help you prepare you forest tax records.
This is the USDA definitive guide to help you prepare you forest tax records.
National Timber Tax Website
Purdue's great site that assists you on timber and the tax owed...
Purdue's great site that assists you on timber and the tax owed...
Recovering your Timber Management Costs
How to deduct ordinary and expected operating expenses from your timber operation from Ohio State.
How to deduct ordinary and expected operating expenses from your timber operation from Ohio State.
State Tax Laws
State by State discription of timber tax laws...
State by State discription of timber tax laws...
Tax Treatment for Timber Sales...
...from Ohio State Extension.
...from Ohio State Extension.
Timber Tax Tips
Tips that apply to timber tax from the USFS Southern Region.
Tips that apply to timber tax from the USFS Southern Region.
Tree Planting- Reforestation Investment Tax Credit and Amortization
What tax are you able to recover from your tree planting expenses from Ohio State.
What tax are you able to recover from your tree planting expenses from Ohio State.