Income Tax Benefits

What are the income tax benefits?

Current rules relating to the income tax benefits associated with the donation of a conservation

easement include the following: 1) The value of the easement is deductible from the donor's

Adjusted Gross Income from all sources; 2) For most ownership entities, the amount of the

deduction is currently limited to no more than 50% of the donor's AGI; 3) Unused portions of

the deduction can be carried forward an additional 15 years for most ownership types; 4)

Deductions generated by certain types of entities, such as partnerships, LLC's, and S Corporations

can generally pass through to the underlying ownership; 5) For C-Corporations, the

amount of the deduction is limited to 10% of net taxable income with a 10-year carry forward;

and 6) For taxpayers who qualify as farmers or ranchers, the deduction can be taken for up to

100% of AGI with a 15-year carry-forward.