I understand your calculation, but that seems to indicate I have given up ownership of the donated property. In my case, I still own the property and have use of it and can sell it. However, I cannot subdivide it or build on it. I can still farm it, cut timber etc. In my case, I have placed an easement 22.3 acres of a 24.3 acre parcel. The value of the parcel dropped $90,000.00 when the easement was executed. Maybe my original cost basis should drop by a proportional amount?
