by Christmas Tree Tax Team | May 14, 2022 | Saving Taxes, Timber Tax Resources
A 1031 exchange (also known as a “like-kind exchange”) allows a forest landowner to save taxes by exchanging timberland (or possibly timber) the landowner currently owns for other real property. Forest landowners who own appreciated timber or timberland are prime...
by Christmas Tree Tax Team | Mar 22, 2022 | Christmas Tree Tax Resources, Timber Tax Resources
With the tax filing deadline for individual income tax returns a little less than a month away (the deadline this year is actually April 18th due to the Emancipation Day Holiday in D.C.), below are some helpful resources on Christmas tree and timber tax topics. Check...
by Christmas Tree Tax Team | Jan 16, 2022 | Live Presentations, Saving Taxes, Timber Tax Resources
Andrew Bosserman will be presenting at the Woodland Stewards Forestry Taxes Webinar series beginning Tuesday January 18th at 1:00pm EST. The webinar series will cover forestry tax topics including timber basis, capital gains on timber sales, casualty losses, activity...
by Christmas Tree Tax Team | Oct 25, 2021 | Timber Tax Resources
Every forest landowner should properly report basis on Form T. This is the fifth and final article in the Back to Basis Series. Previous articles have explored what basis is and why it matters, how to calculate an accurate timber basis under different...
by Christmas Tree Tax Team | Aug 31, 2021 | Timber Tax Resources
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 previous articles in the Back to Basis series that covered what basis is and why it matters, how...
