Every forest landowner should properly report basis on Form T. This is the fifth and final article in the Back to Basis Series. Previous...
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How to Setup and Maintain Timber Capital Accounts – Back to Basis (Part 4)
Every forest landowner should setup and properly maintain timber capital accounts to maximize their tax deductions. If you have not read them yet, be sure to check out my...
How to Save Taxes With Reforestation Expenditures – Back to Basis (Part 3)
The Qualified Reforestation Expenditures deduction is one of the best ways forest landowners can lower their taxes. This deduction permits a forest landowner to accelerate...
How to Calculate Timber Basis – Back to Basis (Part 2)
After reading What is Basis and Why Does It Matter, you’re probably asking yourself, how do I calculate timber basis? As discussed in my previous article, a forest landowner must...
What is Basis and Why Does it Matter? – Back to Basis (Part I)
An accurate timber basis is extremely important for every forest landowner. After my webinar on the Top 5 Ways Forest Landowners Save Taxes, I received many comments...
Trusts and Stepped-Up Basis
Every Christmas tree grower and forest landowner should review their estate plan to determine the impact of a recent IRS ruling involving grantor irrevocable trusts and...