Smart Passive Income on WRP Conservation Easements

In this episode, Whitetail Properties real estate agent Neil Hauger explains four ways to create revenue on WRP conservation easements... Hay Production, Land Improvements, Building Trails and Hunting Leases.
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#WRP #deer #land #Wisconsin

[@kalebdonahue3162]

I’m looking at buying some wrp land and was told that the land value wouldn’t never go up so how can the Equity go up

[@NeilHaugerLandSpecialist]

I guess this is my opinion, but if local value of land goes up and the land can be transferred by sale, and there is interest in still using the land, the sale price I will sell the land at will also go up. So, if you bought and held it and eventually sold it, the market rate of the land may have increased so the WRP land will still be desirable to use for recreational purpose. In my experience WRP land is about 1/2 the market rate of non government program land. So, if surrounding land goes up in value, and the WRP land has recreational value it will not stay static. Make sense Kaleb? In this area of pepin County Land is selling for $4500/ac give or take. So, the WRP land is half that, give or take. If the local land goes to $6000/ac it will pull up the WRP land as well. Theoretically of course. No way to predict what the market will sell for and there are many nuances around desirability.

[@lancewallach2845]

The IRS released an advance version of Notice 2016-66 that identifies a type of transaction involving a “micro-captive insurance” structure as a “transaction of interest”-i.e., a tax avoidance transaction-for purposes of Reg. section 1.6011-4(b)(6) and sections 6111 and 6112.
Notice 2016-66 [PDF 44 KB] states that these “micro-captive transactions” have the potential for tax avoidance or evasion. Taxpayers engaged in these transactions must disclose the transactions. A failure to disclose will be subject to the penalty under section 6707A or section 6707(a).
In 2019, the IRS added syndicated conservation easement transactions to its annual "Dirty Dozen" list of tax scams.
Lance Wallach has received hundreds of phone calls to fight the IRS, and to get all peoples money back from the promoters that sold these scam tax shelters. As an expert witness Lance Wallach has never lost a case. If you are in a captive or conservation easement and want to be made whole contact [e-mail] or call 516-236-8440. Google Lance Wallach and your advisor. Who do YOU trust.

[@lancewallach353]

The IRS is increasing it enforcement actions for syndicated conservation easement transactions. This includes more coordinated examinations across IRS divisions, as well as more criminal investigations. The IRS believes that these audits and investigations may cover billions of dollars of potentially inflated charitable contribution deductions for qualified conservation easements made through partnerships and limited liability companies (LLCs).Google Lance Wallach and your advisor, who do you trust.