Tax Court Denies Partnerships' $46.1M Easement Deductions

By Zak Kostro ( November 5, 2026, 5:50 PM EST) -- Two Georgia partnerships that formed to buy adjacent tracts of rural, mountainous land in Tennessee improperly claimed conservation easement deductions of about $26.7 million and $19.4 million, the U.S. Tax Court ruled Thursday, saying the companies failed to obtain a qualified appraisal....

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