Timber Basis Calculation Worksheet
A timber basis calculation worksheet for recording the cost information that may matter at tax time. Use it to gather records for your tax professional.
Download free PDF1 page, US Letter, prints clean in black and white
WorksheetForestry & AgroforestryFree PDF
What you fill in
- Property purchase records
- Date acquired
- Timber value at purchase
- Reforestation costs
- Improvement costs
- Timber sold in the period
- Depletion notes
- Appraisal or cruise reference
- Records stored where
How to use this worksheet
Work down the lines and fill in what you know. Leave a line blank if you need to look something up, then come back and finish it.
Where to check the details
This sheet is a general template, so confirm specifics with your own manuals, labels and local rules. For current official guidance, start with IRS and eXtension.
For more in this area, see the rural farm life guides. Between chores, farm.FM has farm humor, including Slow and Steady Wins the Race, and farming farm stories.