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forest taxes
timber tax
My-forest
original basis
adjusted basis
timber depletion allowance
long term capital gain income
reforestation tax credit
reforestation amortization
Forest and timber taxes are a fact of life in the US and other countries. In this section of the My-Forest.com web domain we will explore the mechanics of how you can manage your forestland investment to take advantage of the US federal tax code. You will learn how to set up your original basis after purchase of the property, how to allocate your investment between the various assets of land, timber, equipment, and depreciable real property investments. From there we will explore how your depletion allowance is calculated prior to a timber sale and how your income is treated for tax purposes.
In order to assist you further, we have taken the complicated tax codes of the US IRS and made them easy to understand with on-screen calculations of your most difficult tax calculations. Explore our tax resources!
This section of our web site is a combination
of My-Forest.com and the highly rated Foresttax.com, now brought together
into the same web domain. Offering you the most for forestland tax management!
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