Polk County Publishing Company, P.O. Box 1267, Livingston, TX. 77351 - (936) 327-4357

Houston County Courier - Local News

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January Forestry Update


By Gary Burns
Consulting Forestry

If a plantation was established on land you already owned, all costs of establishment are capitalized into a pre-merchantable account. These costs include site preparation, seedlings, planting, herbaceous control, fertilizer and any other practices necessary for establishment. Costs expensed, or reimbursed by a cost-share program excluded from income under IRC section 126 are not included here to avoid deducting an item twice. The initial allocations become your original basis.


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