Forest Service Shield
homeU.S. Department of Agriculture
Forest Service
Northeastern Area State and Private Forestry
forest stewardship theme art Forest Matters
Stewardship News orange leaf
November 2017
2017 Tax Tips for Forest Landowners
To Forest Landowners and Tax Preparers in the Forest Stewardship Community,

We offer this special edition of Forest Matters Stewardship News to share some important tax tips worth considering as the 2017 tax year comes to a close.

Please look for our Winter 2018 issue of Forest Matters in February.
forest stewardship theme art

Mike Huneke
Forest Stewardship Program Manager
Northeastern Area State and Private Forestry
2017 Tax Tips Bulletin Available

Dr. Linda Wang, National Timber Tax Specialist with the U.S. Forest Service, has finalized Tax Tips for Forest Landowners for the 2017 Tax Year. This publication reviews the major Federal income tax laws to help you file your 2017 income tax return. Although tax laws on timber transactions are not common knowledge, they are an important part of the ongoing cost of owning and managing timber, engaging in forest stewardship activities, and complying with tax law.

Timber or landscape trees destroyed by storms are considered "casualty losses" that may allow you as a property owner to take a deduction on your Federal income tax return. Learn more about this option in an article authored by Dr. Linda Wang.

For more information about tax treatment of timber, visit the National Timber Tax Website.