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.

Jun 25, 2024

∙ Paid

green trees on green grass field under blue sky and white clouds during daytime — Photo by max pruvost on Unsplash

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.

The IRS just issued final regulations on this that follows closely the proposed regulations issued last year.

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