by Christmas Tree Tax Team | Jun 1, 2022 | Christmas Tree Tax Resources, Q & A, Saving Taxes
One question I receive frequently from Christmas tree growers is how much money can I save by switching to the capital gain method? A previous article analyzed how the average Christmas tree grower would save approximately $27,000 a year by switching to the...
by Christmas Tree Tax Team | Apr 13, 2022 | Christmas Tree Tax Resources, Q & A
This article discusses the application of IRC § 631 to Christmas tree farms. If you are a forest landowner, read this article about the application of § 631 to timber. I recently received a great question from a reader: I have read lots of information on the capital...
by Christmas Tree Tax Team | Apr 16, 2021 | Christmas Tree Tax Resources, Q & A
“Are Christmas trees depreciable?” is a common question I receive from Christmas tree growers. The short answer to this question is no, Christmas trees are not depreciable. However, the cost of Christmas trees is deductible in other ways, through...
by Christmas Tree Tax Team | Feb 18, 2020 | Christmas Tree Tax Resources, Christmas Trees Magazine, Q & A
I recently received a question from a reader of Christmas Trees Magazine that I figured would be helpful to share: “I wanted to ask why in your example [in Part 3 of “Putting It All Together”] you didn’t have anything for line i on [Part III of] Form T. This is...
