Deduction for Golf Course Conservation Easement Donation Denied

Originally published by Nonprofit Blogger.

In, PBBM-Rose Hill v. Commissioner, Bench Op. (Oct. 7, 2016), the Tax Court sustained the IRS’s disallowance of a $15,160,000 deduction that a partnership claimed with regard to the donation of a conservation easement encumbering a golf course. The Tax…

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