# Statutory Disallowance of Deductions for Certain Qualified Conservation Contributions Made by Partnerships and S Corporations
> **IRS** · Final regulations. · Published 2024-06-28 · Effective 2024-06-28 · 89 FR 54284
## Document
- **Document number:** 2024-13844
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 89 FR 54284
- **CFR reference:** 26 CFR 1
- **Publication date:** 2024-06-28
- **Effective date:** 2024-06-28
- **Treasury docket:** TD 9999
## Abstract

This document contains final regulations concerning the statutory disallowance rule enacted by the SECURE 2.0 Act of 2022 to disallow a Federal income tax deduction for a qualified conservation contribution made by a partnership or an S corporation after December 29, 2022, if the amount of the contribution exceeds 2.5 times the sum of each partner's or S corporation shareholder's relevant basis. These final regulations provide guidance regarding this statutory disallowance rule, including definitions, appropriate methods to calculate the relevant basis of a partner or an S corporation shareholder, the three statutory exceptions to the statutory disallowance rule, and related reporting requirements. In addition, these final regulations provide reporting requirements for partners and S corporation shareholders that receive a distributive share or pro rata share of any noncash charitable contribution made by a partnership or S corporation, regardless of whether the contribution is a qualified conservation contribution (and regardless of whether the contribution is of real property or other noncash property). These final regulations affect partnerships and S corporations that claim qualified conservation contributions, and partners and S corporation shareholders that receive a distributive share or pro rata share, as applicable, of a noncash charitable contribution.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2024/06/28/2024-13844/statutory-disallowance-of-deductions-for-certain-qualified-conservation-contributions-made-by)
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