The IRS on Monday released safe harbor deed language for charitable conservation easements under SECURE Act 2.0, a law passed at the end of last year to help individuals better save for retirement.
Notice 2023-30 addresses the safe harbor language needed for extinguishment and boundary line adjustment under Section 605 (d)(1) of the SECURE 2.0 Act. It also describes the process by which conservation easement donors can replace safe harbor language in the original deeds for easements they’re donating.
A conservation easement donation involves giving away rights to develop property.
SECURE 2.0 Act, signed into law by President Joe Biden ...
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