You grant the Audubon Society a conservation easement on your property valued at $50,000. The...
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You grant the Audubon Society a conservation easement on your property valued at $50,000. The easement will save you about $300 per year on property taxes for the next 20 years. It is expected to raise the fair market value of your property by $75,000, since people like to live in natural settings. What is the adjusted basis if the basis of your property prior to easement is $500,000?
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