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Publication Information

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Title: How to establish, maintain and use timber depletion accounts

Author: Siegel, William C.;

Date: 2001

Source: National Woodlands (2001), p. 21-24

Publication Series: Miscellaneous Publication

Description: Section 1221 of the Internal Revenue Code defines capital expenditures. In general, these are amounts spent to acquire real estate or equipment, or to make improvements that increase the value of real estate or equipment already owned. Forestry examples include land, buildings, standing timber, reforestation costs, and tractors and trucks. Property owners who incur capital costs are entitled to offset or deduct them (called recovery of capital expenses) against income arising from the property-and in some cases against income from other sources. In this article, we will discuss those capital expenditures directly related to standing timber.

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.
  • You may send email to pubrequest@fs.fed.us to request a hard copy of this publication. (Please specify exactly which publication you are requesting and your mailing address.)

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Citation:


Siegel, William C. 2001. How to establish, maintain and use timber depletion accounts. National Woodlands (2001), p. 21-24

 


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