Charitable Deductions for Qualified Conservation Contributions
marcumllp.com
^^^^^ This should be the way to deduct the second half of your Adjusted Gross Income ( AGI ). But there are so many potential complications in this.
- How do you own the property?
- What restrictions of the property and does the recipient need to accept debt with it?
- How close can you be to the charity which receives it.
Usually you want to donate something which cost you very little, but now has a certifiably high value. Can this be stock? Can it be a property bought by borrowing against it?
Now up to 60%, had been only 50%
irs.gov
Charitable Conservation Contributions: Potential for Abuse?
crsreports.congress.gov
Land Conservation Tax Incentives
landtrustalliance.org
Conservation Easements
en.wikipedia.org
Conservation Easements
irs.gov
A changing landscape : the conservation easement reader / by Laurie A. Ristino and Jessica E. Jay. (2016, available)
A good tax : legal and policy issues for the property tax in the United States / Joan Youngman (2016, available)
Conservation easements : tax and real estate planning for landowners and advisors / David J. Dietrich and Christian Dietrich. (2011, available, but want to also see what happened in 2015)
SJG
Comments
last comment^^^^ Dietrich, David J. , with
American Bar Association. Section of Real Property, Trust, and Estate Law.
SJG
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So much to learn. To build my organization, I need lawyers and tax planners.
SJG
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ESS JAY GEE
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