11/29

Controversial Tax-Advantaged Land Deals in Focus Again

Bloomberg Tax
By Kaustuv Batu
November 29, 2018

The battle over a controversial tax deduction for land preservation is heating up.

The Land Trust Alliance, a conservation group, is reupping efforts to push for a bill curbing deals known as syndicated conservation easements, in which multiple individuals claim a tax deduction for donating property that will be protected from future development under Section 170(h).

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