Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-17-2018, 03:42 PM
Junior Member
 
Join Date: Feb 2018
Posts: 2
Smile Enviornment Conservation Easement

We recently bought a home that has over 50% of the land allocated as an "Open Space" since there is a stream that flows through the property.

How do we convert that part of the land into a conservation easement and take advantage of tax breaks since the land is not buildable anyways?

Any other tips on managing this parcel that we cannot use?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 02-18-2018, 06:55 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,134
How do we convert that part of the land into a conservation easement and take advantage of tax breaks since the land is not buildable anyways?=============>>I guess you need o contact Dept of Conservation in your home state.

Any other tips on managing this parcel that we cannot use?=====>a mentioned above.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What is the Deduction Limit for Qualified Conservation Contributions? TaxGuru Itemized Deductions 0 07-09-2008 11:39 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning