Over the next few months, I’ll be publishing a series of posts exploring the taxation of traditional timber (as opposed to Christmas trees as many of my other posts cover).
This series will cover:
- Activity Classifications
- Including Business vs. Investment vs. Hobby
- Cost Basis
- Including depletion and reforestation deductions
- Timber Sales
- Including IRC 631(a) & 631(b)
- IRS Form T
- Including explanation of the different parts of the form and how to report information on the form
- And much more!!
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