ELR Citation: ELR 20103
No(s). 126 T.C. 16 (T.C. May 16, 2006)

The court rejects a real estate investor's claim for a charitable tax deduction stemming from a conservation easement he created on land sold to a developer. The investor claims that the easement permanently reduced the number of homes that could be built on the land from 62 to 30. But half of the l...