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Finanse publiczne · 30/08/2024

Treasury Issues Final Regulations on Conservation Contribution Deductions for Partnerships and S Corporations

The Treasury Department has issued final regulations to implement the SECURE 2.0 Act of 2022, which disallows a tax deduction for qualified conservation contributions made by partnerships and S corporations after December 29, 2022, if the contribution exceeds 2.5 times the relevant basis of the partner or shareholder.

Source: Federal Register — Department of the TreasuryOpen original release →