Form T (Timber) - Forest Activities Schedule Page 2
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Form T (Timber) (Rev. 12-2013)
Page
Part II
Timber Depletion (see instructions)
1
Name of block and title of account
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If you express timber quantity in thousand board feet (MBF),
log scale, name the log rule used. If another unit of measure is
used, provide details
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(b)
(a)
Cost or
Quantity
other basis
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Estimated quantity of timber and cost or other basis returnable through depletion
at end of the preceding tax year
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3
Increase or decrease of quantity of timber required by way of correction .
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4 a Addition for growth (number of years covered
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b Transfers from premerchantable timber account .
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c Transfers from deferred reforestation account .
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5
Timber acquired during tax year
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6
Addition to capital during tax year .
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7
Total at end of tax year, before depletion. Add lines 2 through 6 .
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8
Unit rate returnable through depletion, or basis of sales or losses. Divide line 7,
column (b), by line 7, column (a)
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9
Quantity of timber cut during tax year
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10
Depletion for the current tax year. Multiply line 8 by line 9 .
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11
Quantity of standing timber sold or otherwise disposed of during tax year
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Allowable as basis of sale. Multiply line 8 by line 11 .
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13
Quantity of standing timber lost by fire or other cause during tax year .
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14
Allowable basis of loss plus any excess amount where decrease in FMV (before
and after the casualty) exceeds the standard depletion amount, but not the block
basis (see instructions)
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15
Total reductions during tax year:
a In column (a), add lines 9, 11, and 13 .
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b In column (b), add lines 10, 12, and 14
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16
Net quantity and value at end of tax year. In column (a), subtract line 15a from
line 7. In column (b), subtract line 15b from line 7 .
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17
Quantity of cut timber that was sold as logs or other rough products
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18
Section 631(a):
a Are you electing, or have you made an election in a prior tax year that is in effect, to report gains or
losses from the cutting of timber under section 631(a)? (see instructions) .
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Yes
No
b Are you revoking your section 631(a) election (see instructions)? .
Yes
No
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Effective date
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T (Timber)
Form
(Rev. 12-2013)
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