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Federal Free Printable Form T (Timber) (Rev. December 2013) for 2019 Federal Forest Activities Schedule

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Forest Activities Schedule
Form T (Timber) (Rev. December 2013)

Form T (Timber) (Rev. December 2013) Forest Activities Schedule ▶ ▶ Attach to your tax return. Information about Form T (Timber) and its separate instructions is at www.irs.gov/timber. Department of the Treasury Internal Revenue Service Name(s) as shown on return Part I For tax year ending , 20 . OMB No. 1545-0007 Attachment Sequence No. 117 Identifying number Acquisitions 1 Name of block and title of account 2 Location of property (by legal subdivisions or map surveys) 3a Name and address of seller or person from whom property was acquired 4 Amount paid: a In cash . . . . . . . . . . . . . . . . . . . . . . . b In interest-bearing notes . . . . . . . . . . . . . . . . . c In non-interest-bearing notes . . . . . . . . . . . . . . . . 5a Amount of other consideration . . . . . . . . . . . . . . . . . . . . . . b Explain the nature of other consideration and how you determined the amount shown on line 5a. . . . . . . . . 6 Legal expenses . . . . . . . . . . . . . . . . . . 7 Cruising, surveying, and other acquisition expenses . . . . . . . . . . . . . . . . . 8 Total cost or other basis of property. Add lines 4a through 7 . . . . . . . . . . . . . . 9 Allocation of total cost or other basis on books: . . . . a Forested land . . . . . b Other unimproved land . . c Improved land (describe) ▶ . . . . . . . . . . . . . . . Unit e Premerchantable timber. Make an allocation here only if it is a factor in the total cost or value of the land. f Improvements (list separately) Cost or other basis per unit Number of units Total cost or other basis Acre Acre . . d Merchantable timber. Estimate the quantity of merchantable timber present on the acquisition date (see Regulations section 1.611-3(e)). Details of the timber estimate, made for purposes of the acquisition, should be available if your return is examined. b Date acquired { Acre { g Mineral rights . . . . . . . . . . h Total cost or other basis (same amount as line 8). Add lines 9a through 9g For Paperwork Reduction Act Notice, see separate instructions. . . Cat. No. 16717G . . . . . . . Form T (Timber) (Rev. 12-2013) Page 2 Form T (Timber) (Rev. 12-2013) Part II 1 Timber Depletion (see instructions) Name of block and title of account ▶ If you express timber quantity in thousand board feet (MBF), log scale, name the log rule used. If another unit of measure is used, provide details ▶ (b) Cost or other basis (a) Quantity 2 Estimated quantity of timber and cost or other basis returnable through depletion at end of the preceding tax year . . . . . . . . . . . . . . . . 3 Increase or decrease of quantity of timber required by way of correction . 4a Addition for growth (number of years covered ▶ . . ) . . . . . . b Transfers from premerchantable timber account . . . . . . . . . . . c Transfers from deferred reforestation account . . . . . . . . . . . . 5 Timber acquired during tax year . . . . . . . . . . . . . . . . 6 Addition to capital during tax year . . . . . . . . . . . . . . . . 7 8 Total at end of tax year, before depletion. Add lines 2 through 6 . . . . . . Unit rate returnable through depletion, or basis of sales or losses. Divide line 7, column (b), by line 7, column (a) . . . . . . . . . . . . . . . . 9 Quantity of timber cut during tax year . . . . . . . . 10 Depletion for the current tax year. Multiply line 8 by line 9 . . . . . . . . 11 Quantity of standing timber sold or otherwise disposed of during tax year . . 12 Allowable as basis of sale. Multiply line 8 by line 11 . . . 13 14 Quantity of standing timber lost by fire or other cause during tax year . . . . Allowable basis of loss plus any excess amount where decrease in FMV (before and after the casualty) exceeds the standard depletion amount, but not the block basis (see instructions) . . . . . . . . . . . . . . . . . . . 15 Total reductions during tax year: In column (a), add lines 9, 11, and 13 . a . . . . . . . . . . . . . . . . . . . . . . . . . . . b In column (b), add lines 10, 12, and 14 . . . . . . . . . . . . . . Net quantity and value at end of tax year. In column (a), subtract line 15a from line 7. In column (b), subtract line 15b from line 7 . . . . . . . . . . . 16 17 18 a Quantity of cut timber that was sold as logs or other rough products . . . . . . . . . . . Section 631(a): Are you electing, or have you made an election in a prior tax year that is in effect, to report gains or losses from the cutting of timber under section 631(a)? (see instructions) . . . . . . . . . . b Are you revoking your section 631(a) election (see instructions)? . . . . . . . . . . . . . Effective date ▶ Form T Yes Yes No No (Timber) (Rev. 12-2013) Page 3 Form T (Timber) (Rev. 12-2013) Part III Profit or Loss From Land and Timber Sales (see instructions) 1 Name of block and title of account 2 Location of property (by legal subdivisions or map surveys) 3a Purchaser’s name and address b Date of sale 4 Amount received: a In cash . . . . . . . . . . . . . . . . . . . . . . b In interest-bearing notes . . . . . . . . . . . . . . . . c In non-interest-bearing notes . . . . . . . . . . . . . . 5a Amount of other consideration . . . . . . . . . . . . . . . . . . . . . . b Explain the nature of other consideration and how you determined the amount shown on line 5a: . . . . . . . . 6 . . Total amount received for property. Add lines 4a, 4b, 4c, and 5a 7 Cost or other basis of property: a Forested land . . . . . b Nonforested land . . . . c Improved land (describe) ▶ Unit . . . . . . . . Premerchantable timber . f Improvements (list separately) . . . . . . { . . . . . . . . Cost or other basis per unit Number of units Total cost or other basis { g Mineral rights . . . . . . . . . . h Total cost or other basis. Add lines 7a through 7g i Direct sale expenses (cruising, marking, selling) . 8 . Acre Acre Acre . . d Merchantable timber. Estimate in detail the quantity of merchantable timber on the date of sale or exchange. Include the quantity of timber in each species of timber by diameter at breast height (DBH) classes. State the log rule used if the unit of measure is thousand board feet (MBF), log scale. If another unit of measure is used, provide details. ▶ e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Profit or loss. Subtract the sum of lines 7h and 7i from line 6 . . . . . . . . . . . . . . . . Form T (Timber) (Rev. 12-2013) Page 4 Form T (Timber) (Rev. 12-2013) Part IV Reforestation and Timber Stand Activities (see instructions) Kind of activity (burning, chopping, spraying, planting, seeding, thinning, pruning, fertilizing, etc.) Account, block, tract, area, or stand ID for each Qualified Timber Property (QTP) Number of acres treated Total expenditures 1 2 Total . . . . . . . . . . . . . . . . . . . . . . . . . Total reforestation expenses . . . . . . . . . . . . . . . . Amount to be expensed under section 194(b). (See instructions for limitations) . . . . . . . . . . . . . . . b Amount to be amortized under IRC 194(a), including remaining reforestation expenditures not expensed under section 194(b) . . . . . . . . . . . 3 4a Part V . . Land Ownership Show all changes in land accounts. Attach as many additional sheets as needed, following the format of lines 1 through 6. 1 Name of block and title of account 2 Balance at beginning of year 3 Acquisitions during year . 4 Sales during year . . 5 Other changes . . . 6 Balance at end of year. Add lines 2 and 3, subtract line 4 and add or subtract line 5 . . . . . . . . . . . . . . ▶ Acres . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cost or other basis. Give amount of March 1, 1913 appreciation, if included Average rate per acre Additional Information. Form T (Timber) (Rev. 12-2013)
Extracted from PDF file 2018-federal-form-t-timber.pdf, last modified October 2013

More about the Federal Form T (Timber) Other TY 2018

We last updated the Forest Activities Schedule in February 2019, so this is the latest version of Form T (Timber), fully updated for tax year 2018. You can download or print current or past-year PDFs of Form T (Timber) directly from TaxFormFinder. You can print other Federal tax forms here.


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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form T (Timber) from the Internal Revenue Service in February 2019.

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Historical Past-Year Versions of Federal Form T (Timber)

We have a total of seven past-year versions of Form T (Timber) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Form T (Timber)

Form T (Timber) (Rev. December 2013)

2017 Form T (Timber)

Form T (Timber) (Rev. December 2013)

2016 Form T (Timber)

Form T (Timber) (Rev. December 2013)

Forest Activities Schedule 2015 Form T (Timber)

Form T (Timber) (Rev. December 2013)

Forest Activities Schedule 2013 Form T (Timber)

Form T (Timber) (Rev. December 2013)

Forest Activities Schedule 2012 Form T (Timber)

Form T (Timber) (Rev. December 2005)

Forest Activities Schedule 2011 Form T (Timber)

Form T (Timber) (Rev. December 2005)


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