Palmolive Building Owners Lose $33M Charitable Deduction

By Vidya Kauri ( October 10, 2017, 9:33 PM EDT) -- The owners of the historic Palmolive Building in Chicago lost their bid to write off $33.4 million on their tax return for their donation of a facade easement when the U.S. Tax Court ruled Tuesday that the donee was not guaranteed to receive its share of proceeds if the easement were to be extinguished....

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