Historic Preservation Tax Incentives, With Steve Austin

Conservation easements have historically been a popular investment vehicle for high earners looking to generate offsets to taxable income. Recent changes to the tax code have curtailed use of conservation easements, but continued to incentivize the preservation of historic buildings.

Steve Austin, co-founder and partner at American Revitalization Company, joins Michael to discuss how his firm is pursuing a unique strategy that incorporates historic preservation tax incentives, ESOPs, and 1042 exchanges.

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Episode Highlights

  • History of conservation easement incentives for landowners to preserve space.
  • Summary of recent legislative actions that impacted conservation easements.
  • Illustration of how historic preservation incentives can be used to generate charitable contributions for investors.
  • Discussion of tax efficient exit opportunities created through the sale of operating businesses to an Employee Stock Ownership Plan (ESOP).
  • Example of how these strategies can be combined to allow high earners approaching retirement to execute a wealth generating Roth conversion.

Episode Resources

Today’s Guest: Steve Austin, ARC

About The Tax Efficient Investor Podcast

On the Tax Efficient Investor podcast, we show you how to protect, grow, and transfer your wealth by implementing tax-advantaged investment strategies. Host Michael Johnston demystifies tax strategies that are favored by the most successful and sophisticated investors, including 1031 exchanges, IRA & 401k plans, HSA accounts, trusts, real estate, and more.

Michael Johnston, CFA
Michael Johnston, CFA

Michael Johnston, CFA is the co-founder and President at WealthChannel, and host of WealthChannel Academy.

Michael previously founded ETF Database, the leading independent authority on exchange-traded fund investing.

Michael's professional experience includes positions in corporate finance and investment banking, as well as entrepreneurial experience as a co-founder and early employee in multiple high growth, venture-backed companies.

Michael graduated from the University of Notre Dame with a degree in Finance. He lives in Oregon with his wife and son.