Legal Question in Wills and Trusts in New Jersey
qprt and conservation easement
is it possible to donate a qualified conservation easement (and receive tax benefits under IRC170h) on a property that is already in a qualified personal residence trust (under IRC 7202).
the jurisdiction is in new jersey.
Asked on 6/10/02, 3:02 pm
1 Answer from Attorneys
Jonathan Chester
The Law Office of Jonathan S. Chester, Esq., LLC
Re: qprt and conservation easement
I would need more time to do some tax research in order to give you a more definative answer; however, I would assume that if both the Trustee of the QPRT and the remaindermen both executed the conservation easement, this would probably work.
Answered on 6/10/02, 3:14 pm
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