Federal Income Tax on Timber: A Key to Your Most Frequently Asked Questions
Abstract
This publication examines the most common situations noncorporate taxpayers. face when calculating Federal income tax on their timber holdings. It addresses aspects of each situation using a three-column format. The columns are: Type of Forest Activity, How to Qualify for Best Tax Treatment, and Reporting and Tax Forms. The responses are necessarily brief, and taxpayers should consult the other sources of information listed at the end of this publication for a more comprehensive discussion of these issues.