Got Nature? Blog

Tax preparation time usually brings with it questions about what is deductible, how do I report this income, and what can I do to save on my taxes in the future. Fortunately for forest landowners, this resource for tax tips from the U.S. Department of Agriculture-Forest Service provides several excellent resources to help you find some guidance. View Understanding Your Taxes as a Forest Owner.

The National Timber Tax Website, which is also shared in this article, addresses tax issues for forest landowners.  This site provides updated tax tips for the 2022 filing year, as well as many guides and references to help you effectively plan a tax strategy for your property.

The USDA Forest Service mission of sustaining the health, diversity and productivity of the nation’s forests and grasslands to meet the needs of present and future generations, continues on as they provide many resources including managing your land, science and technology, and working with the U.S. Forest Service.

More resources: Purdue Extension – Forestry and Natural Resources offers some publications covering taxation issues for timber sales and tree planting.
How to Treat Timber Sale Income, The Education Store, Purdue Extension’s resource center
Determining Tax Basis of Timber, The Education Store
Financial and Tax Aspects of Tree Planting, The Education Store
The Education Store (for a list of all timber resources or woodlands place in search field: “timber” or “woodlands”)
Classified Forest and Wildlands Program , Indiana Department of Natural Resources: Division of Forestry
Find an Indiana Professional Forester, Indiana Forestry & Woodland Owners Association (IFWOA)

USDA Forest Service