Do conservation easements have any other implications for federal income or estate taxes?
Other options and/or requirements may be possible on both income and estate taxes, depending on each easement situation. Some of the easement costs such as appraisals and baseline reports may be deductible, along with any donation of cash or securities for the Stewardship Fund. To quantify potential income tax and estate tax savings on an individual basis, a landowner should always seek professional advice from their estate planner, accountant, and/or attorney.
