Wendell Falls Development, LLC v. Commissioner

Tax Court, 2018 T.C. Memo 45, April 4, 2018: Easement increases value of taxpayer’s land; no deduction allowed.

The court decided that donation of a conservation easement restricting 125 acres within a proposed 1,280 acre residential development created a substantial benefit to the taxpayer in the value or utility of the taxpayer’s remaining land, and such benefit [...]