Document / Legal Opinion

Oconee Landing Property, LLC v. Commissioner

Posted March 8, 2021 Updated March 1
About This Legal Opinion

Oconee Landing Property, LLC granted a conservation easement to the Georgia-Alabama Land Trust in 2015 and claimed a $20,670,000 deduction. The easement's termination proceeds provision subtracted any amount attributable to post-conveyance improvements. The IRS challenged the easement.