Scenario : Conservation Easement Donation
Taxpayers own a large parcel of land with significant ecological value. Adjusted basis: $
They donate a conservation easement, reducing the property's development potential.
Qualified appraisal determines the fair market value of the land is $ before the easement and $ after.
Wages: $combined
Interest and Dividend Income: $
Itemized Deductions: $before considering the easement
Allowable deduction for selfemployment tax: None
Calculate:
The potential charitable deduction for the easement donation.
AGI, Taxable Income, and Total Tax Liability
Analyze the income limitations for this type of charitable contribution.
