Description:Casualty Loss and Income Tax Deductions Related to Timber and Landscape Trees Timber or landscape trees destroyed by recent fires, hurricanes or other storms are “casualty losses” that may allow the property owners to take a deduction on their federal income tax returns. To help timber owners, as well as home owners, who suffered timber or landscape tree damages with their tax reporting, this webinar will focus on the new tax law changes that Congress passed in 2017 that affect the casualty loss deductions starting in the 2018 tax year.
Dr. Linda Wang serves as a National Timber Tax Specialist with USDA Forest Service in Washington D.C. She is an author and speaker on federal income tax and estate tax planning relating to private woodlands. She has a Ph.D. in Forest Economics and a CPA certificate.
Credits: Society of American Foresters - Certified Forester Education (SAF-CFE) - 1 hour Category 1 Credit Georgia Master Timber Harvester - Continuing Logger Ed. (GaMTH CLE) - 1 hour CLE - Business Credit