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New Member
posted Jan 30, 2021 12:26:37 PM

I live in an historical structure can I get a deduction?

My building was built in 1897 and has been turned into condos.  I own and live in the property.  Is there a deduction for this?

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Intuit Alumni
Jan 30, 2021 6:56:58 PM

Please see the information below for possible deductions available.

Four types of conservation purposes may qualify for tax deductions:

  • Easements that protect natural habitats for fish, wildlife or plants.
  • Easements that preserve land for public recreational or educational use.
  • Easements that preserve "open space," or undeveloped land.
  • Easements that preserve land or certified historic structures.

Please see the link below for additional information:

Tax Deductions for Conservation Easements of Property