Regulations

Grossly overvalued real estate won’t qualify for charitable tax deduction

Real Estate Tax Talk
Published on Feb 17, 2014

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by CareyBot

What do you do when you own an apartment building that you want to get rid of but no one wants to buy? One strategy owners of undesirable properties often use is to give the property to a charity and take a charitable deduction on their taxes. If the contributed property’s valuation for tax purposes is high enough, the property owner can come out way ahead ...

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