Irs Issues Guidance Notice Classifying Synidcated Conservation Easement Transactions As “Listed Transactions”
On January 17, 2017, the IRS issued a Guidance Notice classifying syndicated conservation easement transactions as “Listed Transactions,” or presumed tax shelters. A conservation easement is an agreement between a landowner or investor, and a land trust or government agency that permanently limits development of the land with the aim of conservation. The restrictions are…
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