Charitable Deductions for Qualified Conservation Contributions
san_jose_guy
money was invented for handing to women, but buying dances is a chump's game
https://www.marcumllp.com/insights/chari…
^^^^^ 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.
1. How do you own the property?
2. What restrictions of the property and does the recipient need to accept debt with it?
3. 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?
https://www.law.cornell.edu/cfr/text/26/…
Now up to 60%, had been only 50%
https://www.irs.gov/publications/p526
https://www.taxlawsolutions.net/2017/07/…
https://taxmap.irs.gov/taxmap2018/ts0/qu…
Charitable Conservation Contributions: Potential for Abuse?
https://crsreports.congress.gov/product/…
Land Conservation Tax Incentives
https://www.landtrustalliance.org/topics…
Conservation Easements
https://en.wikipedia.org/wiki/Conservati…
Conservation Easements
https://www.irs.gov/charities-non-profit…
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
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American Bar Association. Section of Real Property, Trust, and Estate Law.
SJG
SJG