Search

Income Tax Deduction for Timber Casualty Loss

Ricky L. Kilpatrick

Timber Casualty Loss Tax Deductions Fact Sheet

Income Tax Deduction for Timber Casualty Loss - Fact Sheet

Timber damaged by hurricane, fire, earthquake, ice, hail, tornado, high wind and other storms are "casualty losses" that may allow timberland owners to claim a deduction on their federal income tax returns. But in many cases the specific requirements on loss calculation set by the tax law and rules may actually result in low or no deductions.

This fact sheet contains updated information on how to report timber casualty losses on your federal income tax.
If you are unable to download the attached PDF file, please contact the Bossier Parish office at 318-965-2326. 

For a complete list of upcoming events for Bossier Parish, please visit our online calendar.
8/26/2011 12:34:27 AM
Rate This Article:

Have a question or comment about the information on this page?

Innovate . Educate . Improve Lives

The LSU AgCenter and the LSU College of Agriculture

Top