What are the basics of timber basis?
This year Woodland Stewards is holding a five part series of Forestry Tax webinars to help landowners save money on their forestry taxes on Tuesdays at 1 pm from January 18th to February 15th.
The second webinar in the series, Basics of Timber Basis: Setting the Table, will be held on January 25th from 1 to 2 pm ET.
Timber basis is how much you have invested in the timber, and it is used to determine net taxable income.
In this webinar, Extension specialists Dr. Shaun Tanger and Dr. Tammy Cushing will explain how this important financial aspect of timber management often goes unnoticed or underappreciated.
Timber basis can be applied to reduce taxable income from a harvest, or to reduce financial losses after a storm and more.
To take part in this webinar, or others in this series, register at https://sref.info/woodland-stewards/2022