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Technical Note—Timber Basis Allocation with Incomplete Records

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Forest owners are required to maintain complete and accurate accounting records of their timber transactions. This allows for proper allocation of basis, calculation of depletion allowance, and accurate calculation of tax due from timber sales. If accounting records are incomplete (basis allocation was not properly performed in the past), the forest owner and his or her accountant and forester will need to calculate the basis allocation that should have taken place in the past. The proper basis allocation and a methodology to allocate basis when records are incomplete are illustrated. South. J. Appl. For. 28(2):109–112.

Keywords: Income tax; basis; depletion; environmental management; forest; forest management; forest resources; forestry; forestry research; forestry science; incomplete records; natural resource management; natural resources

Document Type: Technical Note

Affiliations: Department of Forestry and Natural Resources Clemson University Box 340317 Clemson SC 29634-0317 Phone: (864) 656-4827;, Fax: (864) 656-3304, Email:

Publication date: May 1, 2004

More about this publication?
  • Each regional journal of applied forestry focuses on research, practice, and techniques targeted to foresters and allied professionals in specific regions of the United States and Canada. The Southern Journal of Applied Forestry covers an area from Virginia and Kentucky south to as far west as Oklahoma and east Texas.
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