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re: Need idea for land use.

Posted on 8/21/19 at 9:21 pm to
Posted by slackster
Houston
Member since Mar 2009
85136 posts
Posted on 8/21/19 at 9:21 pm to
1) Donate it to a land conservation trust
2) Find shady appraiser to say you could have built a luxury hotel there worth millions
3) Take massive tax deduction, potentially for years, for the difference between the conserved land and the made up appraisal figure
4) Hope to avoid any audits

ETA--side note, has the absurdity of some conservation land trusts ever been discussed here or the Money Board?
This post was edited on 8/21/19 at 9:24 pm
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