DESCRIPTION
Do you understand the new 2007 tax code requirements for conservation easement transactions? Do you understand how appraisers come up with the figures they do? If not, this course is for you! It provides an overview of issues involved with appraising conservation projects and the new 2007 tax code requirements for conservation easement transactions. You will become familiar with the different components of IRC §170(h), Form 8282 and Form 8283, and will be able to explain a “qualified contribution” and “qualified donee.” You will learn the basics of the techniques appraisers use to arrive at an estimation of value and how to review an appraisal for consistency with tax code requirements and with values in their regions. Part of the Land Trust Alliance's Standards and Practices Curriculum.

TOPIC
Standards & Practices