Real Estate—Bargain Sale

Bargain Sale of Real Estate Diagram

How It Works

  1. You sell property to WTTW and WFMT for less than its fair-market value—usually what you paid for it
  2. WTTW and WFMT pays you cash for agreed sale price, and you receive an income-tax deduction
  3. WTTW and WFMT may use or sell the property

Benefits

  • You receive cash from sale of property (sale price is often the original cost basis)
  • You receive a federal income-tax deduction for the difference between the sale price and the fair-market value of the property
  • WTTW and WFMT receives a valuable piece of property that we may sell or use to further our mission

Next Steps

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