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Landowner to Landowner

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This item is a PDF download available for free for FLA members and for $0.99 for non members.

Landowner to Landowner

We recently asked our membership the following question via email: The Joint Committee on Taxation issues a list of tax expenditures each Congress listing all expenditures that cost the government money such as the home mortgage interest deduction. The 113th list has been issued and 3 key timber tax provisions are on the list.

The 3 main forestry expenditures are:
1. Sale of timber treated as capital gains
2. Forest management cost being deducted annually
3. Reforestation cost can be deducted, limits apply, and not capitalized

What, if any, effect will this have on you as a private forest landowner and your management if the expenditures for forestry are not retained?
 
 
Published in Issue of Forest Landowner Magazine

 

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