The gift of real estate
Did you know that you can gift real estate? In our area you can make a gift of real estate to a local community foundation. The gift qualifies for a tax deduction, without capital gains that you would pay if you sold the property. You can be involved in the recommended uses of the funds.
Please check with your tax advisor and financial advisor. But, if you are thinking about ways you can donate to your favorite charity or charities, the gift of real estate may be an option.
For information from our local board of realtors, go here.