Oakhill Woods, LLC v. Commissioner
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About This Legal Opinion
In 2007, HRH Investments, LLC (HRH) purchased 1,895 acres of undeveloped forest land in Georgia at approximately $2,500 per acre. HRH conveyed land parcels to various LLCs, one of which claimed a $7,949,000 charitable deduction ($20,975/acre) — 10 times the per-acre value of the entire property.
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