Gifts of Real Estate
How It Works
Here are some questions you will need to answer:
You will receive an income tax deduction equal to the appraised fair market value of the property. An independent qualified appraisal is required for this purpose and it is up to you to acquire such an appraisal. Donating your property may also reduce your estate costs and taxes as well.
Your gift will fund a charitable remainder unitrust which will provide you with an income stream for life or a term of years.