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Instructions for Form 8886 Rev March Reportable Transaction Disclosure Statement

Instructions for Form 8886 Rev March Reportable Transaction Disclosure Statement

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good afternoon this is sean golding with goldie and golding here to discuss the basics of a listed transaction under the the larger perspective of a portable transaction in form 8886 this is just a brief introduction listed transactions are becoming more common especially with the syndicated conservation easement and the litigation going on so the idea behind a listed transaction for example is the irs really isn't buying what you're selling no matter how good you are selling it right they think whatever tax strategy you're using is not necessarily kosher they think it's the same or similar to tax avoidance transaction that they've already deemed that way and something they may not agree with the irs publishes a list the most recent addition to the list is the um is the conservation easement the idea behind that is this u.s investors let's say are u.s persons they have the form an llc maybe or an s corp so it flows through they invest with a promoter or the like who says hey we're goin

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