Real Estate—Outright Gift

Outright Gift of Real Estate Diagram

How It Works

  1. Transfer title of property to WTTW and WFMT
  2. Receive income-tax deduction for fair-market value of property
  3. WTTW and WFMT may use or sell the property

Benefits

  • Income-tax deduction for fair-market value of property based on qualified appraisal
  • Avoid capital-gain tax on appreciation in value of the real estate
  • Relieved of details of selling property
  • Significant gift to WTTW and WFMT

Next Steps

Back

© Pentera, Inc. Planned giving content. All rights reserved.