There are many organizational resources for forest landowners in the Inland Pacific Northwest, and I'd like to bring three to your attention here: Idaho Forest Owners Association; Inland Northwest Land Trust; and University of Idaho Extension.
Did you sell timber in 2018? Did you lose trees to a hurricane, fire, or other natural disaster? Do you know how to report these changes on your income tax return?
You're in luck. The USDA Forest Service has produced a tips sheet on Tax Tips for Forest Landowners for the 2018 Tax Year. This quick guide has information on:
This past September marked the 5th Women and Their Woods Educational Retreat hosted by the Delaware Highlands Conservancy. The event this year was held at the Highlights Family Foundation's Workshop Facility in scenic Wayne County, PA.
Income Tax Deduction on Timber and Landscape Tree Loss from Casualty
Timber or landscape trees destroyed by the hurricane, fire, earthquake, ice, hail, tornado, and other storms are “casualty losses” that may allow the property owners to take a deduction on their federal income tax returns.
Thinking about a timber harvest? Depending on the size of the cut and the quality of the trees, you might want to consider hiring a portable sawmill to come turn your logs into usable lumber.
Forester and woodland owner Barrie Brusila of Mid-Maine Forestry in Warren, ME shares some of her lessons learned in a simple handout entitled "Timber Harvesting Do's and Don'ts."