... handling the details, so that you can enjoy the benefits.
Timber Appraisals
A timber appraisal serves several useful purposes.
First, for tax purposes, it is important to establish your cost basis in timber and separate that from the cost basis you have in raw land. This simple step can yield significant savings in capital gains taxes.
Second, if you recently suffered a loss from an ice storm or other natural event, you may qualify for casualty loss tax treatment. You can learn more about this HERE.
Finally, an appraisal can give you useful information in planning your estate and future income. It is a current snapshot of the value of your timber using today's market prices.
