USA conservation program IRC 170 (h)


Joined
Jul 22, 2021
Messages
1
Reaction score
0
Country
United States
An individual with an annual income of $500k + was advised by another Tax professional to utilize the conservation program IRC 170 (h), which I'm not too familiar with. The essence of the suggestion was that he "invests" in a land development project (partnership) for $35K then get $160K in charitable donation (i.e. deduction) per investor through what they call " Land easement conservation ". Does anybody have experience with this area? Thanks in advance!
 
Ad

Advertisements

kirby

VIP Member
Joined
May 12, 2011
Messages
2,248
Reaction score
304
Country
United States
This tax structure is excellent!

But I mean only excellent for attracting the attention of the IRS Office of Fraud Enforcement.

Read these


 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top