Significant Syndicated Conservation Easement Ruling
Over the last several years, few issues have been higher on the IRS’s priority list than what have been termed “Syndicated Conservation Easements.” These tax strategies generally involve taxpayers purchasing in interest in a partnership that either owns or purchases real property over which it grants a “conservation easement” restricting some level of development on the real property. The partnership then allocates a portion of the total charitable deduction to the partners to claim on their tax return that far …
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