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Land Donation And Tax Write Off? Does Anyone Know How This Works? |
I have a 2.5 acre portion that is paid for. I have no use for the property and wanted to know the consequences of donating it to charity. It is in a intricate subdivision, deed restricted. Can I write it off my taxes and if so, how does that work? Any help/par appreciated. Thanks!
| Answer: Talk to the IRS about idiosyncrasy donations and get a list of approved charities. You can then contact local charities to see if they could use the real estate. You could sell the land and then donate the proceeds to different charities. If a charity accepts the deplane donation,but |
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