Federal Timber Taxes

National Timber Tax Website was developed to be used by timberland owners, as well as a reference for accountants, attorneys, consulting foresters and other professionals who work with timberland owners regarding the tax treatment of timber related activities.  It contains numerous links to publications, webinars and other sources of tax information for forest land owners.

Several videos available about taxation of forest land, presented by Dr. Tamara Cushing, Clemson University Extension.

     Understanding Basis for Timber and Forest Land

     Taxation of Forestry Income

     Forestry Tax Incentives

U.S. Forest Service Forest Taxation website provides numerous up-to-date publications and links related to federal timber taxes.

The Federal Tax Code Version 2018, by Dr. Tamara Cushing, National Woodlands, Winter 2018, summarizes how the changes in the tax law may affect forest land owners.

Tax Tips for Forest Landowners For the 2019 Tax Year.  Dr. Linda Wang. USDA Forest Service. A 2-page summary that is updated each year.

Forest Landowners Guide to the Federal Income Tax is a comprehensive manual about forest taxes. Unfortunately it has not been updated since 2000, but the basic principles are still valid.  USDA Agriculture Handbook 718. 171 p.

Determining Your Basis, Parts 1 & 2.  Published in National Woodlands, Spring and Summer 2019. Timber basis is very important because it can be used to reduce your taxes when you harvest.

Washington Timber Taxes

Forest Excise Tax must be paid on all timber harvested from private land in Washington. B&O tax must be paid on all harvests above $100,000.

The Washington Department of Revenue has several resources to help you understand state taxes.  Their Forest Tax web page provides numerous links with further information on forest taxes.

Several brief Fact Sheets explain specific aspects of forest taxes:

Washington's Timber Excise Tax

Designated Forest Land

Guidelines for Timber Management Plans

Open Space Taxation Act