Charitable Contribution Disallowed – on a Technicality
Attempting to validate a deduction on a tax return after the fact is not an easy task. In a recent Tax Court case, the Court denied a charitable contribution deduction on a tax return for a conservation easement that was submitted without the contribution’s appraisal.
The taxpayers in the aforementioned case owned a home in a US National Park Service designated historic district. The taxpayers had their property certified as an historic structure and intended to donate the façade of their house to Landmarks, a charity whose mission is to protect the character …read more
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