Calculating Your Basis

This form can be used to determine the cost basis of your individual assets associated with your timberland. The information required to complete this form is: the total acquisition cost, including any additional fees (i.e. attorney costs, survey, appraisal, etc.) that were paid to acquire the property; a brief description of the individual assets (i.e., merchantable timber, young or pre-merchantable timber, timberland, etc.); and the assets Fair Market Value (FMV).

Simply fill out the form and click on "Calculate Basis", once the cost basis has been determined print out the results for your records.

Please round all numbers to the nearest whole dollar (i.e., 12,345.67 would be entered as 12,346).