How you report income from logging and how much tax you owe depend on which of 3 tax classes your woodlot falls into. You can determine your woodlot's tax class by answering a few simple questions about why you own it and how you use it.
This video is an overview of timber taxes. Dr. Yanshu Li, Associate Professor, Forest Economics & Taxation Outreach Specialist- University of Georgia, discusses timber taxation, economic issues and benefits related to forest investment and management, and more.
