Colorado farmer Marc Arnusch turned down solar leases on 2,700 acres; instead he chose a conservation easement to protect the family farm, then faced an IRS audit
- Colorado farmer Marc Arnusch had a straightforward choice: accept millions of dollars from solar companies seeking to lease 2,700 acres of his family’s farmland, or keep the property in agriculture for the next generation.
- Now, after spending nearly $1 million documenting a conservation easement, he is facing an IRS audit over the tax deduction associated with it.
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- Colorado farmer Marc Arnusch had a straightforward choice: accept millions of dollars from solar companies seeking to lease 2,700 acres of his family’s farmland, or keep the property in agriculture for the next generation.
- Now, after spending nearly $1 million documenting a conservation easement, he is facing an IRS audit over the tax deduction associated with it.
Sources: Times of India