Amortization Deduction Calculation

WARNING: This program should only be used if the reforestation expenses were incurred after October 22, 2004. If you incurred the reforestation expenses before October 22, 2004 click here!

This program can be used to calculate your amortization schedule for qualified reforestation (aforestation) expenses. The information you will need to run this program is a brief description of the reforestation expenditure (i.e., seedlings, herbicide, labor, etc..),the amount spent, and the amount of any cost share payment that you received or expect to receive to offset some of the reforestation expenses. Round all numbers to the nearest dollar (For example, $1234.56 would be entered as 1235).

The year in which the expenses were incurred:

Cost-share Payments:

Generally the amount, if any, for which you have been reimbursed or expect to be reimbursed for your reforestation expenses under a government cost-share program does not qualify for the reforestation investment tax credit and amortization. However, if you elect not to exclude the cost-share payment from ordinary income, then your total reforestation expenses (up to the specific limitations) will qualify. (cost-share payments)

Enter the amount of any Cost Share Payment you received, or expect to receive, that will be excluded from ordinary income. If you did not receive, or do not expect to receive a cost share payment, or you elected not to exclude the cost-share payment from ordinary income enter 0:

Are you married filing a separate return? No Yes

Enter a brief description of the reforestation expense and the cost:

Description: Cost:
Description: Cost:
Description: Cost:
Description: Cost:
Description: Cost:
Description: Cost:
Description: Cost:

Would you like a breakdown of your expenses included with the amortization schedule?
No Yes