Gifts of Real Estate
Gifts of appreciated real estate are similar to gifts of appreciated stock. Assuming you have owned a property for more than one year and it is fully paid off, you may deduct as a charitable contribution the full fair market value of the real estate while avoiding all capital gains taxes. Under some circumstances you may even be able to transfer the deed to your home or farm to us now and keep the right to use the property for your lifetime and that of your spouse, thus enjoying favorable tax treatment while retaining the use of your property for life. You may call us at (210) 704-2541 to discuss gifts of real estate.