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We’re always looking for ways to lower our taxes, and when our CPA told us to consider a conservation easement we started researching this topic. Today we’re going to share what we’ve learned about this tax strategy and its benefits.
On this episode of Investing in Real Estate, you’ll learn about conservation easements and how they work. We’ll talk about the numerous benefits, and how it can reduce your overall tax burden. If you’re looking for an interesting strategy to lower your taxes, this episode is for you!
On this episode you’ll learn:
- The definition of a conservation easement.
- How a conservation easement can be used by investors.
- And more!
The Definition of a Conservation Easement
A conservation easement is a legal agreement that landowners can use to donate and protect the conservation of land. A landowner can choose to protect conservation resources with a conservation easement. If the agreement and meets tax code requirements, it may qualify as a tax-deductible charitable donation.
How a Conservation Easement Can Be Used by Investors
A real estate investor can choose to donate any land that they own, including raw land. This means that the land will be protected and cannot be developed further.
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