Are you thinking of
selling land or a building? Beware of capital gains tax!
If you sell your primary
residence, you can exclude up to $250,000 ($500,000 if you are
married) of the gain. This tax break does not apply to other
types of real estate, however, so you may have a better
alternative.
A charitable contribution
of real estate – whether it is your personal residence, a
vacation home, a farm, commercial real estate or vacant land –
will give you numerous advantages.
When you give your home or
other real estate to us, you create an enduring testimonial of
your interest in our mission. Your personal satisfaction is also
complemented by valuable tax benefits.