Filing Form T for 2021, 2020, and 2019

Please clarity. What Form T are you referring to, IRS Form T (Timber), NASDAQ Form T, or is this a state form? If this is a state form, which state?

These are the Federal Form T (Timber).

It doesn't sound like it, based on what you describe.

 

You generally only need to file Form T (Timber), Forest Activities Schedule when a sale or deemed sale has occurred during a tax year.

 

According to Who Must File in the Instructions for Form T (Timber): 

Complete and attach Form T to your income tax return only if you:

• Claim a deduction for depletion of timber,
• Elect under section 631(a) to treat the cutting of timber as a sale or exchange, or
• Make an outright sale of timber under section 631(b).

There's also an exception: 

You are not required to file Form T if you only have an occasional sale of timber (one or two sales every 3 or 4 years). However, you must maintain adequate records of these transactions and other timber-related activities during the year, as discussed in Recordkeeping, below. These transactions may be treated as an investment for tax purposes if your property is not held for use in a trade or business.

 

Please see the instructions above for more detail about Form T filing requirements.

 

Note, also, that TurboTax is unable to file a return that includes Form T.  Please see the TurboTax Help article Which IRS forms are not included in TurboTax? for more information.