Unlocking Tax Benefits: The Power of Real Estate Donations
Manage episode 454392073 series 3547079
Unlock the untapped potential of your real estate assets and transform them into substantial tax benefits. Join me, Rowena Patton, as we explore the lesser-known world of real estate donations, from homes and vacant land to vehicles. Discover how donating property, particularly when traditional sales seem impossible, can offer significant tax deductions, potentially surpassing the financial loss of selling. With insights into the challenges of selling land and the importance of consulting a CPA, this episode promises to provide a fresh perspective on real estate management and charitable giving.
Holding onto property for future retirement in hot spots like Florida or Arizona can be fraught with complexities and frustrations. If you’ve been unsuccessful in selling, consider the option of donating. I’ll guide you through the process, highlighting the tax benefits, such as deductions up to 30% of adjusted gross income, and the role of Heroes MLS in supporting potential donors. Learn about our network of over 1,100 trained agents and appraisers who offer discounts, ensuring a smoother, more beneficial donation experience.
From overcoming the stigma of prolonged property listings to supporting meaningful causes like Habitat for Humanity and Tunnel to Towers, this episode offers a comprehensive look at the opportunities in real estate donations. Find out how vacant land donations can relieve you of ongoing expenses and support nonprofit missions. We'll also touch on CashCPO, a program that offers quick sales for those looking to bypass traditional market hurdles. Whether donating or selling, the episode equips you with strategies to manage your real estate effectively and contribute to causes you care about. Join us for this enlightening discussion on leveraging your assets for greater good.
Kapitler
1. Unlocking Tax Benefits: The Power of Real Estate Donations (00:00:00)
2. Real Estate Donation Tax Benefits (00:00:01)
3. Maximizing Real Estate Tax Benefits (00:07:49)
4. Considerations for Donating Real Estate (00:12:42)
5. Real Estate Donations and Tax Benefits (00:25:20)
6. Donating Real Estate for Good (00:31:55)
7. Real Estate Donation Opportunities (00:42:57)
8. Real Estate Donation Tax Deductions (00:52:55)
243 episoder