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 Jesuit High School, you create an
enduring testimonial of your interest in our
mission. Your personal satisfaction is also
complemented by valuable tax benefits.
D I D Y O U K N O
W ?
REAL ESTATE
A TAX-WISE GIFT
Benefits
�� Receive an income
tax charitable
deduction for the
full fair market
value.
�� Eliminate tax on
the property’s
appreciation.
�� Prevent the hassle
of trying to sell the
property.
�� Make a gift to
support a great
cause, and reduce
your taxable estate.
Even if your property has lost value in recent years, for tax
purposes it is still appreciated if its current value is more than what
you originally paid for it.
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