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Webinar: Casualty Loss and Income Tax Deductions Related to Timber and Landscape Trees
Friday, 07 December 2018, 1:00
Friday, December 7, 2018. 1:00PM. Webinar: Casualty Loss and Income Tax Deductions Related to Timber and Landscape Trees. Linda Wang, USDA Forest Service. Sponsored by USDA Forest Service. More information here.
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 homeowners, 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.