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Timber University - Casualty Loss and the Forest Landowner | #135
In this episode, we take on the difficult subject of casualty loss. This is a subject no landowner looks forward to, but planning for the worst is sound planning. Join us as we discuss what the IRS considers a casualty, how to determine your loss in the eyes of the IRS, and how best to move forward, from a Forest Tax perspective, after one occurs.
Resources:
Tips for Landowners Attempting to Salvage Hurricane Damaged Timber
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