Conservation Training

Keeping More of Your Timber Income Following a Timber Sale

February 8, 2022

12:00 pm – 1:00 pm
Location: Online

Learn about one of the top ways forest landowners save taxes—receiving capital gain treatment on timber sales. A landowner may only sell their timber a few times in their life but understanding how to maximize profit and minimize taxes when harvesting takes some thought. Join this presentation for a detailed discussion of how to qualify for capital gain treatment under IRC 631(a) & (b), recordkeeping tips, and proper tax reporting. Tax treatments of cost-sharing payments will also be covered briefly.