You are here: Home
/ Publication Information
Title: How to establish, maintain and use timber depletion accounts
Author: Siegel, William C.;
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.
- 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 email@example.com to request a hard copy of this publication. (Please specify exactly
which publication you are requesting and your mailing address.)
XML: View XML
Siegel, William C. 2001. How to establish, maintain and use timber depletion accounts. National Woodlands (2001), p. 21-24
Get the latest version of the Adobe Acrobat reader or Acrobat Reader for Windows with Search and Accessibility