IRS Issues Final Regulations on Conservation Easement Contribution Restrictions
The IRS issued final regulations incorporating the SECURE Act 2.0 restrictions on donating Conservation Easements.
SECURE Act 2.0 passed late in 2022 includes a new provision in Code Section 170 (Sec. 170(h)(7)) that disallows a deduction for donating Conservation Easements if the total amount of the deduction exceeds 2.5 times the partners or S corporation owners modified basis.
Keep reading with a 7-day free trial
Subscribe to Farm CPA Report to keep reading this post and get 7 days of free access to the full post archives.