The Tax Court has denied the claim of a charitable contribution deduction for a limited liability company that granted both interior and exterior conservation easements on an historic building in Denver as required by the local planning board’s approval of its development plan for the property. The Court said that it failed to show that the fair market value of the easements was greater than the value of the approval of the project. ( Seventeen Seventy Sherman Street, LLC v. Commissioner , T.C. Memo 2014-124, 6/19/14. )