Forbes: TOT Property Holdings Highlights Fundamental Flaw In Conservation Syndications (June 25, 2021)

Forbes has published an article, “TOT Property Holdings Highlights Fundamental Flaw In Conservation Syndications,” which discusses the lawsuit between IRS and TOT Property Holdings LLC. The article begins as follows:

The Eleventh Circuit has dealt a blow to the beleaguered syndicated conservation easement (SCE) industry in its decision upholding the Tax Court in TOT Property Holdings LLC v IRS. As I have noted elsewhere SCE is an industry based on nonsense. Investors buy into a partnership that has recently acquired a property. They then vote to donate an easement on the property to a land trust. The declared value of the easement is a multiple of the price paid for the entire property. 


Click here to see full article: “TOT Property Holdings Highlights Fundamental Flaw In Conservation Syndications.”

Posted by Bella Hoang, Managing Associate Editor, Wealth Strategies Journal.

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