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Timber Income and Expenses: Business or Investor Income Tax Reporting? What a Tax Professional Needs to Know

June 21, 2023 @ 8:30 am - 12:00 pm

Combining lecture, example problems, discussion and questions, this half-day workshop is appropriate for all levels of experience. Discussion will address timber tax issues, including:

  • What is timber for income tax purposes?
  • Basis
  • Reporting of income: business versus investor
  • Expense deduction: business versus investor
  • Form T
  • Like-kind exchange
  • Conservation easements
  • Carbon credits
  • Property tax considerations

No advanced preparation is required and there are no prerequisites for this course.j

Registration fee: $150

Organizer

N.C. State University Extension Forestry
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Venue

N.C. Cooperative Extension Wake County Center
4001-E Carya Drive, Agriculture Building, Suite E
Raleigh, NC 27610 United States
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