Skip to main content
U.S. flag

An official website of the United States government

Tax Tips for Forest Landowners for the 2021 Tax Year

Author(s):

Yanshu Li
Tamara L Cushing

Year:

2021

Publication type:

Other

Primary Station(s):

Southern Research Station

Source:

Fact Sheet FS-1188. Washington, DC: U.S. Department of Agriculture, Forest Service. 4 p.

Description

As a private forest landowner, you might start to think about timber taxes only after having a timber sale. However there can be tax implications of each timber activity you conduct. Generally all income received is taxable unless the tax law excludes and nothing is deductible unless a provision allows it. Understanding the forestry specific tax provisions and how the general tax rules apply to your forestry activities can help lower your overall taxes through careful tax planning. The “tax tips” provided in this publication are intended to assist forest landowners and their tax advisors in preparing their 2021 Federal income tax returns. It can also help plan for future years. This material is for information and educational use only and is not intended as financial, tax, or legal advice. Please consult with your tax advisor concerning your particular tax situation. The information is current as of December 15, 2021.

Citation

Li, Yanshu; Cushing, Tamara L.; Frey, Gregory E. 2021. Tax tips for forest landowners for the 2021 tax year. Fact Sheet FS-1188. Washington, DC: U.S. Department of Agriculture, Forest Service. 4 p. https://www.fs.usda.gov/sites/default/files/fs_media/fs_document/Landowner-2021-Tax-Tips.pdf

Publication Notes

  • We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
  • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
https://www.fs.usda.gov/treesearch/pubs/63660