RE: Tax breaks?? Starting a tree farm?
might i suggest you contact someone like arthur anderson, i understand they have some good tax strategies. who knows, you could show all your future earnings this year, go public with it, sell stock, use the proceeds from the stock to buy more land, set up a trust that gets a good enough rate of return that pays for all the taxes and expenses of the new property, have them do your taxes showing you made a loss there and not owe any income tax, get a tax refund, show stock holder an income statement showing how many billions your farm made, stock goes up, you dump yours, buy more land, and have them come in and audit your farm and sign off that everything was correctly reported to shareholders. retire to the ponderosa. oops sorry, i just woke up, seems like someone else already tried that.