If you hold timber as an investment, you might want to make an election on your tax return to capitalize certain forest management expenses and carrying charges that would otherwise be wasted for federal income tax purposes.
Property taxes have been among the top concerns for forest landowners in Georgia for many years. Three preferential tax programs have been established to help qualifying landowners reduce their property taxes, discussed here.
If you hold timber as an investment, you might want to make an election on your tax return to capitalize certain forest management expenses and carrying charges that would otherwise be wasted for federal income tax purposes.
Property taxes have been among the top concerns for forest landowners in Georgia for many years. Three preferential tax programs have been established to help qualifying landowners reduce their property taxes, discussed here.