Form T (Timber) (Rev. 12-2013)
Page 2
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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(a)
Quantity
(b)
Cost or
other basis
2
Estimated quantity of timber and cost or other basis returnable through depletion
at end of the preceding tax year . . . . . . . . . . . . . . . .
3 Increase or decrease of quantity of timber required by way of correction . . .
4 a
Addition for growth (number of years covered
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) . . . . . .
b Transfers from premerchantable timber account . . . . . . . . . . .
c Transfers from deferred reforestation account . . . . . . . . . . . .
5 Timber acquired during tax year . . . . . . . . . . . . . . . .
6 Addition to capital during tax year . . . . . . . . . . . . . . . .
7 Total at end of tax year, before depletion. Add lines 2 through 6 . . . . . .
8
Unit rate returnable through depletion, or basis of sales or losses. Divide line 7,
column (b), by line 7, column (a) . . . . . . . . . . . . . . . .
9 Quantity of timber cut during tax year . . . . . . . . . . . . . .
10 Depletion for the current tax year. Multiply line 8 by line 9 . . . . . . . .
11 Quantity of standing timber sold or otherwise disposed of during tax year . .
12 Allowable as basis of sale. Multiply line 8 by line 11 . . . . . . . . . .
13 Quantity of standing timber lost by fire or other cause during tax year . . . .
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) . . . . . . . . . . . . . . . . . . .
15 Total reductions during tax year:
a In column (a), add lines 9, 11, and 13 . . . . . . . . . . . . . . .
b In column (b), add lines 10, 12, and 14 . . . . . . . . . . . . . .
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 . . . . . . . . . . .
17 Quantity of cut timber that was sold as logs or other rough products . . . . . . . . . . .
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) . . . . . . . . . .
Yes No
b
Are you revoking your section 631(a) election (see instructions)? . . . . . . . . . . . . .
Yes No
Effective date
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Form T (Timber) (Rev. 12-2013)