Peter usually shares something around this time of the year, but just saw this in the recent National Woodland Magazine
2022 Tax Tips for Forest Landowners
As a private forest landowner, you may start to think about timber taxes only after having a timber sale. However, each forest activity you conduct can have tax implications. Generally, all income received is taxable unless excluded by tax law, and nothing is
deductible unless a provision allows it. Understanding the forest-related provisions and integrating tax planning into your forest management can help lower your overall taxes and increase disposable income.
This 5-1/4 page publication is intended to be an informational and educational resource for you and your tax advisor, but is not intended as financial, tax, or legal advice. Please consult with your tax advisor concerning your particular tax situation.
for a copy of the referenced publication: 6d8e42f7-84f2-41ad-af2e-af6f39c8de73.pdf (constantcontact.com)