Forest Landowner Tax Tips for the 2018 Tax Year

Timber tax tips

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:

  • Timber Sales and Reporting
  • Deductions of Timber Expenses and Taxes
  • Timber and Landscape Tree Casualty Loss
  • Cost Share Payments
  • Conservation Easments
  • and more handy timber tax topics!

Download the tip sheet here:

You can also find more information on the National Timber Tax Website. The National Timber Tax Website was developed to be used by timberland owners, as well as a reference for accountants, attorneys, consulting foresters and other professionals who work with timberland owners regarding the tax treatment of timber related activities. Explore the great resources at: