Timber Income and Expenses: Business or Investor Income Tax Reporting? What a Tax Professional Needs to Know
June 21 | 8:30 am - 12:00 pm
$150Held at N.C. Cooperative Extension Wake County Center, 4001-E Carya Drive, Agriculture Building, Suite E, Raleigh NC 27610
Combining lecture, example problems, discussion and questions, this half-day workshop is appropriate for all levels of experience. Discussion will address timber tax issues, including:
- What is timber for income tax purposes?
- Basis
- Reporting of income: business versus investor
- Expense deduction: business versus investor
- Form T
- Like-kind exchange
- Conservation easements
- Carbon credits
- Property tax considerations
No advanced preparation is required and there are no prerequisites for this course.
Instructor
Guido van der Hoeven
Attend and You Will Receive
- A valuable workbook with detailed examples and problems
- A certificate of completion from NC State University
- Recommended 4 hours of CPE and CE credit
