Be Careful What You Ask For: Charitable Deductions and Donor Benefits.


This post involves a recent case on the propriety of a charitable deduction for a conservation easement. The key issue in the case is a fundamental one: was there a gift? That issue arose because of surrounding transactions that were related to the grant of the easement. The government argued that the totality of the circumstances suggested a bargained for exchange of value and not a gift.

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Published In: Tax Updates