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.
