Conservation easement tax donation update

Strict compliance with regulations is essential to defend deduction.

BY KARL L. FAVA, CPA
MAY 2013 Journal of Accountancy

The deductibility of a charitable donation for a conservation easement or restriction on a real property interest is provided for under Sec. 170(h). Even with almost 13 pages of regulations (Regs. Sec. 1.170A-14), this provision is not straightforward, as evidenced by the number of taxpayers challenged by the IRS.  Read more………..