Qualified real property interest means the same as defined in Section 170(h)(2) of the Internal Revenue Code. Conservation easements and bargain sales are examples of a qualified real property interest.
Qualified real property interest means any interest in real property other than a nonqualified real prop- erty interest.
Qualified real property interest means any of the following interests in real property:
More Definitions of Qualified real property interest
Qualified real property interest. The donor's entire interest in the property. · A remainder interest (personal residence, farm or conservation property). · A perpetual conservation restriction.
Qualified real property interest means an interest in real property located completely in this state and containing wetlands or riparian zones, which also meets the definition of a qualified real property interest under 26 U.S.C. § 170(h)(2), as in effect on January 1, 2009, and the corresponding regulations in 26 C.F.R. § 1.170A-14(b), as in effect on January 1, 2009.
Qualified real property interest means any of the
Qualified real property interest means the landowner has the entire interest of the property plus a remainder interest and has contracted to per- petually restrict the way in which the property may be used through the conservation easement.26 Many states27 allow for term easements, which are conservation easements that only last a set amount of years, but private organizations and landowners must be aware that the IRS will not grant the deduction for an easement that does not encumber the land forever.28 A “qualified organization” is either a 501(c)(3) non-profit organization estab- lished for the sole purpose of preserving land (usually known as a land trust), or a government body.29
Qualified real property interest. ’ means any of the following interests in real property: (A) the entire interest of the donor other than a qualified mineral interest as defined in section 170(h)(6);