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Updated over 6 years ago on . Most recent reply

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J Scott
  • Investor
  • Sarasota, FL
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Anyone Used a Conservation Easement as a Tax Shelter?

J Scott
  • Investor
  • Sarasota, FL
ModeratorPosted

Just curious if anyone here has any experience with investing in conservation easements as a tax shelter?  I'm considering using one, and I understand the concept and the risks, but am curious if anyone has first-hand experience they'd like to share -- either good or bad.

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Steven Hamilton II
  • Accountant, Enrolled Agent
  • Grayslake, IL
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Steven Hamilton II
  • Accountant, Enrolled Agent
  • Grayslake, IL
Replied

Such a fun topic. Appraisal and proof of how it affords conservation and benefits the nature/etc will be what is important.

In other words you actually have to be giving something up, right to build on that land or even use of the land entirely in some cases.

There are also historical rehabilitation credits you should look into.

  • Steven Hamilton II
  • [email protected]
  • (224) 381-2660
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