Internal Revenue Service building in Washington, D.C, on January 12, 2022. Photo: Diego M. Radzinschi/ALM IRS Announces Final Regulations Identifying SCE Transactions as Listed Transactions
The new IRS regulations require taxpayers who participated or materially advised others in SCE transactions to satisfy additional reporting requirements.
October 21, 2024 at 11:00 AM
3 minute read
Tax
On Oct. 7, the IRS finalized regulations identifying certain syndicated conservation easement (SCE) transactions as listed transactions, a type of transaction with additional reporting requirements. In these transactions, investors typically acquire an interest in a partnership that owns land and then claim a portion of charitable contribution deductions for the appraised values of easements conveyed by the partnership to preserve the land's conservation attributes.
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