Why stepped-up basis is important for maintaining family forests

Posted: May 25, 2021 at 12:28 pm

In this commentary published in The Hill — a policy-oriented news outlet in Washington, D.C. — author Thomas Straka warns that a proposed change in federal tax rules could be “devastating” for family members inheriting forestland. “The unintended consequence of timber losing the stepped-up basis would involve a reduction in sustainable forestry on family forests.”

Straka is a professor emeritus of forestry and environmental conservation at Clemson University.