t
may be possible to offset capital gains taxes on the sale of
an appreciated asset such as real estate or securities when
you donate part of the asset to a charitable entity and sell
the other part in a "Bargain Sale." Suppose you want to
raise cash to accomplish a short term objective, such as
paying the entrance fees to a life care residential
community. In a Bargain Sale arrangement, you may be able to
achieve a tax deduction just large enough to offset the tax
due on the cash received.
If you would like more information, please contact Susan Cortese at (831) 333-9023 or send an email to Susan Cortese.
t
may be possible to offset capital gains taxes on the sale of
an appreciated asset such as real estate or securities when
you donate part of the asset to a charitable entity and sell
the other part in a "Bargain Sale." Suppose you want to
raise cash to accomplish a short term objective, such as
paying the entrance fees to a life care residential
community. In a Bargain Sale arrangement, you may be able to
achieve a tax deduction just large enough to offset the tax
due on the cash received.
