Gifting Property Tax Benefits for Donating Land, House or Commercial Property
Like cash, clothing or books, real estate property can also be donated to charity
(EMAILWIRE.COM, January 05, 2010 ) Detroit, MI Gifting property is an option few investors and property owners are aware of. As with any charitable contribution, there are income tax benefits to gifting property.
Michael Schoen of Donating Real Estate recently spoke to a group of real estate investors about the process of gifting property. When asked about the tax benefits, Michael said, Rules can vary depending on several factors, including if the property is owned by an individual, partnership, corporation or LLC. Typically, contribution deductions are limited to a percentage of your adjusted gross income with excess contributions carried forward for up to five years. Visit http://www.giftingproperty.com/ to learn more.
Donating Real Estate is the real estate solution for charities and donors. They are recognized as the premier real estate marketing consultant by real estate investors, charities and those who are gifting property. Donating Real Estate helps charities through the entire process of receiving gifted property and liquidating the gift.
Donating Real Estate helps the individual or business through the process of gifting property to a charity, making the experience rewarding and beneficial. Learn more at http://www.donaterealestate.com
Contact:
Michael Schoen
20700 Civic Center Drive; Ste 170
Southfield, MI 48076
Call 248-757-1713
Email: info@donatingrealestate.com
This press release was submitted by Right Now Marketing Group, LLC
Michael Schoen of Donating Real Estate recently spoke to a group of real estate investors about the process of gifting property. When asked about the tax benefits, Michael said, Rules can vary depending on several factors, including if the property is owned by an individual, partnership, corporation or LLC. Typically, contribution deductions are limited to a percentage of your adjusted gross income with excess contributions carried forward for up to five years. Visit http://www.giftingproperty.com/ to learn more.
Donating Real Estate is the real estate solution for charities and donors. They are recognized as the premier real estate marketing consultant by real estate investors, charities and those who are gifting property. Donating Real Estate helps charities through the entire process of receiving gifted property and liquidating the gift.
Donating Real Estate helps the individual or business through the process of gifting property to a charity, making the experience rewarding and beneficial. Learn more at http://www.donaterealestate.com
Contact:
Michael Schoen
20700 Civic Center Drive; Ste 170
Southfield, MI 48076
Call 248-757-1713
Email: info@donatingrealestate.com
This press release was submitted by Right Now Marketing Group, LLC
Contact Information:
Donate Real Estate
Mark Maupin
Tel: 248-939-6232
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Donate Real Estate
Mark Maupin
Tel: 248-939-6232
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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