RELOCATION OF ENDAGERD SPECIES

Forum|Forum|6 years ago
December 7, 2019
2 replies
24 views

I am not sure how to class the $77000 paid for the removal of the bird paid to bandera conservation bankituated in the Bandera Canyonlands of the Texas Hill Country, BCCB is a USFWS-approved species conservation bank for the federally endangered Golden-cheeked Warbler (Setophaga chrysoparia). BCCB provides offsetting conservation credits for habitat impacts associated with land use change, development, and infrastructure activities.

Lacerte Tax

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Best answer by George4Tacks

Is this a bookkeeping question? A donates money to B, a Non-Profit that helps move an endangered species off of my property. In exchange for this money, B also arranges for A to now be able to grow grapes on land that previously had restrictions on it because that damn bird was around.

How do I book the $77,000 cash payment and what is the offsetting entry?

Is this sorta what you are looking for?

T

TaxGuyBill

Level 15

Can you clarify what you are doing? Are you doing a tax return for BCCB? Or for an individual? Or something else? What do you need to "class"?

George4TacksAnswer

Level 15

Is this a bookkeeping question? A donates money to B, a Non-Profit that helps move an endangered species off of my property. In exchange for this money, B also arranges for A to now be able to grow grapes on land that previously had restrictions on it because that damn bird was around.

How do I book the $77,000 cash payment and what is the offsetting entry?

Is this sorta what you are looking for?

Answers are easy. Questions are hard!

IRonMaN

Level 15

"RELOCATION OF ENDAGERD SPECIES"

I thought maybe that was Intuit's way of saying they were going to try and move us old timers to the new community.

Slava Ukraini!

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