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 them out even if you’re on top of your taxes and have already filed!
Woodland Stewards Webinar Series
Earlier this year, I was a presenter on a webinar series hosted by the Woodland Stewards that covered all things related to taxes for forest landowners. If you weren’t able to attend live, I highly recommend watching the recordings as the webinars are extremely informative. Here are the links to the replays:
- Seeing the Forest for the Trees: An Overview of Forestry Taxes
- The Basics of Timber Basis: (Re)setting the Table
- Timber Management Expenses and Deductions
- Keeping More of Your Timber Income Following a Timber Sale
- Coping with Losses from Nature and Chance
Tax Tips for Forest Landowners for the 2021 Tax Year
This is a great publication that comes out every year and summarizes that main issues to keep in mind when filing timber taxes. However, I may be slightly biased…note my name as a commenter on the first page footnotes!
Back to Basis Article Series
Last year, I published a series of articles about why an accurate timber basis is important and how to calculate basis:
- What is Basis and Why Does it Matter?
- How to Calculate Timber Basis
- How to Save Taxes With Reforestation Expenditures
- How to Setup and Maintain Timber Capital Accounts
New Year’s Resolutions for Christmas Tree Growers
At the beginning of 2022, I published an article titled “Five New Year’s Resolutions for Christmas Tree Growers.” This article is a great summary of the best ways for Christmas tree growers to save taxes.
Q&A Archives
When I receive questions from readers that aren’t answers already in an article, I often create a Q&A post answering the question. You can access the Q&A archives here. Have a Christmas tree or timber tax question you can’t find the answer to? Contact me and I might make it the next Q&A post!
