I recently authored an article in Woodland Magazine titled “The Top Five Ways Timber Owners Save Tax Dollars.” In the article, I explain:
- The benefits of operating a timber activity as a business, rather than as an investment
- How to pay less tax on timber sales by electing capital gain treatment
- Why an accurate timber cost basis is extremely important
- When a timber owner can immediately deduct $10,000 each year
- Business entity choice and tax savings
To read the article and learn more about saving timber taxes, click the download link below:
To view the entire fall issue and learn more about Woodland Magazine, click here.
