Tax Tips for Forest Landowners: 2022 Tax Year.

Yanshu Li; Tamara L. Cushing; Gregory Frey

Tax Tips for Forest Landowners: 2022 Tax Year.

Informally Refereed

Authors:

Yanshu Li, Tamara L. Cushing, Gregory Frey

Year:

2022

Type:

Other

Station:

Southern Research Station

Source:

FS-1209. Washington, DC: U.S. Department of Agriculture, Forest Service.

Download PDF (355.0 KB)

Abstract

As a private forest landowner, you may start to think about timber taxes only after having a timber sale. However, each forest activity you conduct can have tax implications. Generally, all income received is taxable unless excluded by tax law, and nothing is deductible unless a provision allows it. Understanding the forest-related provisions and integrating tax planning into your forest management can help lower your overall taxes and increase disposable income. This publication is intended to be an informational and educational resource for you and your tax advisor, but is not intended as financial, tax, or legal advice. Please consult with your tax advisor concerning your particular tax situation. The information is current as of November 28, 2022.

Citation

Li, Yanshu; Cushing, Tamara L.; Frey, Gregory E. 2022. Tax Tips for Forest Landowners: 2022 Tax Year. FS-1209. Washington, DC: U.S. Department of Agriculture, Forest Service. 4 p.