Deductions & credits

Yes, TurboTax can handle the bargain sale of qualified conservation capital gain real property to a conservation trust, or conservation easement.

 

Report conservation easements and other non-cash charitable contributions by filing Form 8283, Noncash Charitable Contributions, with your tax return.

 

Under a conservation easement, a property's owner gives up the right to make certain changes to that property, to preserve it for future generations. Such an easement usually limits the usefulness of the property and lowers its value. When a conservation easement meets criteria, the owner may qualify for a tax deduction based on the property's reduction in value.  TurboTax will help you determine that deduction.

 

To find Form 8283, use the Jump to feature to go directly to the form.  Here is a TurboTax help article with instructions.